Dogecoin Slides Below $0.21 Support as Trading Volume Hits $2 Billion Amid Market Volatility

Dogecoin is currently trading at approximately $0.19433, with a 24-hour trading volume between $1.76 and $2.08 billion and a market capitalization around $28.7 billion, reflecting a 3.07% decline from the previous day. The recent price drop is primarily attributed to Dogecoin falling below its $0.21 support level, increased market volatility, and broader negative sentiment across the cryptocurrency sector, as indicated by the Fear & Greed Index at 74. Despite processing 1.8 million transactions in the past 24 hours and maintaining a top 10 market rank, Dogecoin's price remains sensitive to speculative trading, technical resistance levels, and ongoing macroeconomic factors.