Crypto markets experienced a sharp decline Friday, with Dogecoin (DOGE) among the hardest hit, seeing a steep drop despite recent bullish momentum. The move follows broader market uncertainty triggered by conflicting macroeconomic data, leading to profit-taking and heightened trading activity. 150% more volume traded in the last 24 hours, reaching $2.03 billion, suggests an institutional distribution rather than retail fear, as traders seek volatility for potential gains. Dogecoin’s price is currently at $0.176, down 14% this week, with a key resistance level around $0.190 and support between $0.169 and $0.170. Meanwhile, the broader crypto market saw $979 million in liquidations across major coins, fueled by short positions while long positions were wiped out. Bitcoin led with over $345 million in liquidations. Dogecoin’s losses came in at $27 million as altcoins suffered a significant drop.