DOGE Slides 7.2% Amid $2B Trading Surge as Market Downturn Fuels Volatility

Dogecoin (DOGE) is currently trading at $0.14859, reflecting a 7.20% decline over the past 24 hours, with a 24-hour opening price of $0.16011 and robust trading volume exceeding $2 billion. The recent price drop is primarily attributed to a broad downturn in the cryptocurrency market, as major assets like Bitcoin and Solana also experienced significant declines, leading to increased volatility and bearish sentiment. Despite notable whale accumulation and heightened network activity in May and June, there have been no strong bullish catalysts, and technical indicators continue to show DOGE in oversold territory with resistance around $0.168–$0.170. The market remains cautious, with price consolidating near $0.15–$0.16 as sellers maintain control and volatility persists.