DOGE Dips 3.68% Amid Meme Coin Slump, But Visa Wallet News and $830M Volume Signal Rebound

Dogecoin (DOGE) declined by 3.68% over the past 24 hours, with the current Binance price at $0.15687, primarily driven by a broader downturn in the meme coin sector, which saw a 20% drop in overall market capitalization this month. Despite the price decrease, DOGE’s social media engagement has increased, supported by developments such as X’s announcement of a Visa-backed digital wallet with DOGE integration and ongoing beta testing for DOGE tipping in the U.S., which may help bolster sentiment. Trading volume has surged above $830 million, indicating heightened market activity as DOGE tests support near $0.17; technical indicators suggest bearish momentum is fading and a potential short-term reversal could occur if support holds.