DOGE Price Drops 5.72% as Volume Surges and Consolidation Near $0.140 Fuels Market Debate

Dogecoin (DOGEUSDT) experienced a 5.72% price decrease over the last 24 hours, with the current price at 0.13733 USDT and notable volatility throughout the session. The decline is attributed to increased trading activity, as evidenced by a 25.60% rise in 24-hour volume, and ongoing price consolidation near key support levels around $0.140. Market sentiment was influenced by mixed analyst forecasts, subdued whale activity, and technical resistance at $0.153–$0.154, while a surge in community engagement on spot exchanges and speculation about regulatory developments in Japan contributed to heightened activity. Dogecoin currently maintains a robust market capitalization near $21 billion, a circulating supply of approximately 152–161 billion coins, and remains the 9th-ranked cryptocurrency by market cap, with daily volume ranging from $1.5 billion to $1.76 billion.