DOGE Token Dips 2.04% Amid Meme Coin Rally and Surging $3.9B Daily Trading Volume

Dogecoin (DOGEUSDT) experienced a 2.04% price decrease over the last 24 hours, with the current price at $0.19783 according to Binance data. This decline is attributed to heightened market volatility amid a broader rally in meme coins, increased on-chain activity, and mixed analyst sentiment. Technical patterns such as the "cup and handle" and "megaphone" have drawn attention from traders, while the Fear & Greed Index indicates ongoing investor caution. Over the past day, Dogecoin saw significant trading activity with 24-hour volumes ranging from $1.42 billion to $3.93 billion and a market capitalization near $29.7 billion, reflecting continued strong interest despite recent price fluctuations.