DOGE Drops 9% Amid Social Media Volatility—Price Tests $0.15 Support as Trading Volume Surges

Dogecoin (DOGE) experienced a sharp price decline of approximately 9.12% over the last 24 hours, with the current price at $0.17306 on Binance, down from a 24h open of $0.19042. This correction follows recent volatility driven by social media events, notably price swings linked to Elon Musk’s public interactions, including a rebound after his apology to Donald Trump and a prior drop during their public feud. Technical analysis highlights ongoing downward pressure, with resistance at $0.25 and risk toward the $0.15 support level, further influenced by broader crypto market reactions to macroeconomic news. Despite the recent decline, Dogecoin maintains a high market cap ranking (#8) and significant trading volume ($1.74–$1.80 billion), with active social media engagement and generally bullish sentiment among the community.