Dogecoin dropped by 5.5%, breaking a critical support level.

The Decline Process in Dogecoin Has Started

Dogecoin has experienced a decline of 5.5%, falling to $0.1843 after remaining below a critical support level of $0.1940. This decline occurred due to institutional selling in the markets.

Another significant development that has caught the attention of investors is the 180% increase in trading volume. This indicates that there is significant distribution pressure in the cryptocurrency market.

Currently, all eyes are on whether Dogecoin can stay above the $0.18 level. Investors are monitoring whether this level can be maintained to prevent further potential declines.