The DOGE price currently hovers around $0.16, facing a significant drop in trading volume, down 56% compared to yesterday’s numbers. While the broader crypto market saw some brief gains following a recent relief rally, DOGE itself experienced a slight dip of over 0.05%. Its current market cap sits at $24.77 billion, but with a notable drop in daily trading volume reaching $1.93 billion, indicating an overall bearish trend. 8% decrease was recorded on the price. 56.5% drop in trading volume indicates that even short-term relief attempts have been unsuccessful. The Coinglass data reveals a liquidation of $4.25 million worth of DOGE over the past 24 hours. However, some analysts suggest a potential bottom formation as the TD Sequential indicator has triggered a buy signal after a recent decline in price. Further support for this view comes from a strong closing candle above resistance levels that may indicate buying pressure. )