Dogecoin (DOGE) experienced a rapid price decline from near $0.30 to $0.19, sending shockwaves through the market. While short-term fluctuations are expected, analysts suggest potential for recovery based on growing DeFi activity and robust technical indicators. After initially surging past $0.25 support, DOGE witnessed a sharp drop below this level, triggering panic selling. The coin now trades near $0.25, facing resistance despite attempts at a rebound. 2025 data reveals the DOGE market has seen significant growth in DeFi activity, exceeding $30 million in TVL since late 2023. This suggests increasing utility beyond its meme status and could influence future price trends.