The memecoin Dogecoin (DOGE) experienced a significant plunge this week, dropping by an alarming 34.7% over the past seven days and trading around $0.1690, according to CoinMarketCap data. This decline accelerated in recent hours as broader crypto markets faced heavy liquidation pressures, with Bitcoin falling below the $107,000 threshold and over $5 billion in leveraged positions wiped out. Dogecoin’s market capitalization dropped 31.8% to $25.57 billion, while trading volume surged by a substantial 81.4% to reach $5.84 billion, reflecting intense volatility and panicked selling. The token briefly dipped below $0.16, marking its lowest point in weeks following its failure to sustain the $0.20 support level. While some analysts note potential for speculative accumulation at lower levels despite the decline, Dogecoin remains vulnerable to further downside if Bitcoin weakens. If market sentiment stabilizes, DOGE may attempt to reclaim the $0.18–$0.20 price range, but failure to rebound quickly could open the door to a retest of its crucial support level at $0.14, last seen during August’s correction.