DOGE Drops 14.53% Amid $775M Crypto Liquidations, Trading Volume Surges 37.80% to $2.76B

Dogecoin (DOGEUSDT) experienced a sharp 14.53% price decline over the past 24 hours, primarily driven by a broad cryptocurrency market sell-off and increased liquidations totaling $775 million. This downward pressure was compounded by Bitcoin falling to its lowest level since November 2024, cascading into altcoins such as Dogecoin. Technical indicators had signaled a persistent bearish sentiment, and reduced retail investor activity was evident through shrinking open interest. Despite a short-lived uptick and higher on-chain activity—highlighted by a 36% rise in active addresses and a notable 37.80% increase in trading volume—DOGE struggled to maintain key support at $0.10 and is now trading around $0.08940 with 24-hour volume reaching approximately $2.76 billion. Dogecoin remains one of the most actively traded cryptocurrencies by market capitalization, currently at about $14.95 billion.