Dogecoin (DOGE) dropped over 10% in the last 24 hours, bringing the price down to around $0.1606.
The decline follows a broader market dip led by Bitcoin, which fell back to $69K, causing the overall crypto market to drop by 3.2%.
The recent surge in Dogecoin, driven by a social media post by Elon Musk, quickly stumbled and now faces a sharp decline of over 10% in the past 24 hours.
Technical indicators suggest that Dogecoin may continue to face challenges in the near term, with potential price weakness and a next support level near $0.150.