DOGE Token Sees 3.99% Drop Amid Volatility, Strong Support Emerges Near $0.151

Dogecoin (DOGEUSDT) experienced a 3.99% price decline over the past 24 hours, opening at 0.16349 and currently trading at 0.15697 on Binance. The price drop is primarily attributed to broader macroeconomic uncertainty and geopolitical tensions that triggered an 8% sell-off earlier in the week, followed by a rapid V-shaped recovery as strong buyer interest emerged near the $0.151 support level. Increased trading volumes and accumulation by large holders, as well as a surge in derivatives open interest and liquidations, indicate heightened market activity amid volatility. Despite the short-term bearish sentiment and repeated failures to sustain levels above $0.17, Dogecoin's network activity and on-chain data remain stable, with the asset currently supported by robust trading volumes and a circulating supply of 149.78 billion DOGE.