Dogecoin Plummets, Volume Soars as Traders Eye Potential Breakout

Dogecoin’s price experienced a notable 10% decline within the past 24 hours, dropping from $0.226 to $0.2036. This drop has raised concerns about its ability to hold key support levels at around $0.20. However, trading volume exploded, surging to over $2 billion in a single day. This unprecedented surge in trading activity is generating speculation among traders and analysts about potential hidden strategies.