DOGE Price Drops 2.85% Amid High Volatility and $1.3B Trading Surge on Binance

Dogecoin (DOGE) experienced a 2.85% price decline over the past 24 hours, with the current price at $0.17173 on Binance, opening at $0.17677. The price drop is primarily attributed to recent high volatility following a sharp 46% correction earlier in June, increased profit-taking by holders, and intensified selling pressure as DOGE failed to hold above the $0.18 support level. Additional factors include cautious market sentiment due to the SEC’s stance on crypto ETF applications and a generally bearish outlook for June, despite technical indicators signaling a mild rebound from the $0.17 support. Trading activity remains elevated, with 24-hour volume between $1.25 billion and $1.31 billion, and open interest at $1.83 billion, making DOGE one of the most actively traded cryptocurrencies after XRP. The circulating supply is approximately 149.72 billion DOGE, and the market capitalization ranges from $25.6 billion to $26.1 billion.