DOGE Faces 4.38% Price Drop Amid $15.8M Liquidations and Sharp Volume Decline

Dogecoin (DOGE) is currently trading at $0.21816 with a 24-hour trading volume of approximately $1.99 billion and a market capitalization near $32.6–$34.1 billion, ranking it #8 among cryptocurrencies; the price has declined 4.38% over the past 24 hours. The recent price decrease is primarily attributed to broader market volatility, with $15.83 million in DOGE liquidations (mainly from long positions), a 38.45% drop in trading volume, and overall crypto market liquidations totaling $600 million, all influenced by macroeconomic factors such as renewed tariff concerns; technical analyses indicate DOGE remains in a consolidation phase after strong earlier gains, with the current pullback reflecting both market-wide risk-off sentiment and profit-taking after a period of significant appreciation.