The cryptocurrency market witnessed profit-taking after a strong week, leading major coins like Dogecoin to drop over 7%. Bitcoin’s price fell sharply from $111,200 to just under $107,000, driven by investor uncertainty about macroeconomic factors. Dogecoin mirrored Bitcoin’s decline, reaching a high of $0.254 before plummeting to $0.223. Despite the dip, Dogecoin continues to attract speculative investors, although this interest is currently subdued among the top 10 coins according to Glassnode. The Dogecoin funding rate sits above neutral. Analysts remain curious about what the future holds for Dogecoin’s price. While it has lost ground recently with a decrease of 2.74% in the last 24 hours, its weekly gain is positive at 7.23%. Dogecoin is currently consolidating between $0.21 and $0.259 following an upward trend in May. The daily RSI is above the midpoint of 50, hinting at potential short-term consolidation before a major move. If Dogecoin’s price falls below $0.21, it may remain range-bound within the $0.14 to $0.26 range. A critical support level exists at $0.21. If Dogecoin maintains this threshold, it likely leads to a surge beyond $0.26. Resistance stands at $0.29, but a break is expected.