DOGE Drops 5.88% to $0.18986 Amid CPI-Driven Market Volatility and Surging Trading Volume

Dogecoin (DOGE) declined by 5.88% over the past 24 hours, with the current price at $0.18986 (Binance). The price drop is primarily attributed to broader cryptocurrency market weakness following the latest U.S. CPI report, which triggered risk-off sentiment amid ongoing macroeconomic uncertainty and stalled US-China trade talks. Additional downward pressure came after a brief rally driven by speculation about a potential DOGE ETF, followed by profit-taking and a shift in attention toward emerging payment-focused crypto projects. Market activity remains elevated with a 24-hour trading volume of approximately $1.62–$1.66 billion and a market capitalization near $28.4–$28.7 billion, ranking DOGE as the 8th largest cryptocurrency. Despite recent volatility and technical resistance at $0.25, institutional and retail participants continue to show interest near key support levels.