Dogecoin fell by 5% per day

Over the past day, Dogecoin DOGE $0.20 Binance-Peg Dogecoin 3.46% Market capitalization $0.52 billion VOL. 24 hours $0.13 billion has fallen in price by 5% from $ 0.21 to $ 0.19. Trading took place in the range of $ 0.013: the minimum price was recorded at $ 0.198, the maximum — $ 0.211. The sharpest drop occurred at 14:00, when the price dropped below $ 0.205 and reached a new low on a volume of 877.9 million tokens (4 times the daily average). At the end of the session, DOGE closed at $ 0.1985, failing to overcome new resistance zones, signaling that the negative trend and the dominance of sellers will continue.

The fall of DOGE occurred against the backdrop of large-scale exits of institutional investors from crypto ETFs — the amount of outflows for the week amounted to $ 223 million. Expectations of a tighter monetary policy by the US Federal Reserve, trade restrictions, and geopolitical tensions have also put additional pressure on the market. At the same time, meme tokens remain under pressure due to a loss of interest from retail investors and the rotation of major players into more volatile assets or cash.

Technical analysis shows that DOGE was trading within 6% ($ 0.198-$ 0.211). The key support is near $ 0.198-$ 0.199, but rebounds on low volumes do not yet indicate a recovery in demand. Local resistance has formed at $ 0.205, and its breakout on significant volumes is a condition for a trend change. If the token fails to hold $ 0.198, the decline may continue to $ 0.185.

Traders are closely watching to see if DOGE will manage to stabilize above $ 0.198 or if it will continue to decline. For now, sellers remain active, and the prospects for a reversal will depend on changes in global market sentiment and a resumption of institutional capital inflows.