Dogecoin Drops 5.7% Then Recovers 1.47% Amid Market Volatility

Dogecoin, a popular memecoin, experienced a significant decline of 5.7% over a 24-hour period, dropping from $0.167 to $0.158. This sharp pullback was driven by profit-taking among market participants amidst geopolitical tensions and economic uncertainties. However, the asset found substantial buying interest at the $0.158 level, establishing a short-term support zone. This support zone helped stabilize the price, with late-session buying interest pushing DOGE to close at $0.161, marking a 1.47% gain.

The recovery of Dogecoin comes as global markets remain volatile due to shifting monetary policy outlooks and geopolitical headlines. Despite a broader risk-off tone in digital assets, the late-session accumulation suggests that some traders view the dip as a buying opportunity. The partial rebound of DOGE coincides with renewed social buzz and short-term technical setups that have historically preceded price bounces. Analysts are divided on the strength of this recovery, but the volume-backed support at $0.158 is now in focus heading into the next session.

DOGE traded in a wide 24-hour range, with heavy selling persisting until 13:00 UTC, when the price began to consolidate. Buyers stepped in with 229 million DOGE traded during the 01:00 hour, helping DOGE recover to $0.161 by session close. In the final hour, the asset gained 1.47%, rising from $0.159 to $0.161 on a clear uptrend with higher highs and higher lows. Volume surged to 4.7 million during the breakout above $0.161, and brief consolidation established support at that level heading into the new day.

Technical analysis recap shows that DOGE dropped from $0.167 to $0.158 over 24 hours, a 5.7% decline. The downtrend persisted until 13:00, followed by consolidation and modest recovery. Heavy sell volume of 425 million DOGE was recorded during the 13:00 hour. Strong buying interest emerged at $0.158 with 229 million DOGE traded at support. DOGE closed at $0.161 after a 1.47% late-session gain. The breakout above $0.161 was confirmed with 4.7 million DOGE in volume during 01:39–01:42. Support was established at $0.161 following brief consolidation from 01:52–01:59.