DOGE Slides 4.78% as $132M in Losses Realized—Market Awaits Key Support Test

Dogecoin (DOGE) experienced a price decline of approximately 4.78% over the past 24 hours, with the current DOGEUSDT price at 0.15833 according to Binance data. This downturn is primarily attributed to broader market weakness, as most major cryptocurrencies, including Dogecoin, saw declines during this period. No recent protocol updates, partnerships, or significant events have been reported for Dogecoin in the past week, and on-chain data indicates investors realized substantial losses of around $132 million versus $5 million in profits. Market sentiment remains mixed; while some short-term analyses suggest potential for a bullish reversal if DOGE holds above key support levels, recent trading has been largely flat with notable volatility. Dogecoin’s 24-hour trading volume is approximately $700 million, with a market capitalization of about $23.66 billion, ranking it as the 9th largest cryptocurrency by market cap.