DOGE is currently around 0.07, down 3.8% today. In the past few days, the broader market has been overall weak, and it couldn’t escape either.

It’s down 3.7% over the week and down 5.6% over the month. In several cycles, it’s been falling—these recent moves have seen one of the rare instances of broad-based pullback, with no cycle holding up. The 24-hour high is 0.0733 and the low is 0.0693, and today’s drop is relatively concentrated.

It’s down more than 90% from its all-time high of 0.73. The position is already very low; this leg has mainly followed the broader market’s decline—more of an emotional drag than any intrinsic problem with DOGE itself.

The circulating volume is even higher than the total supply when measured by the statistics’ definition. This has to do with the lack of a hard-capping mechanism for it. In the long run, the supply side has consistently been a factor that suppresses valuation—you should keep that in mind.

At this level, if it can hold the 24-hour low of 0.0693, it will most likely continue to grind out a bottom along with the broader market, waiting for sentiment to recover. If it keeps breaking down and losing the key level, then we may have to look at lower prices. Over the past few days, the risks haven’t been fully worked through yet. If you’re holding positions, don’t panic—this kind of “follow-the-down” trend will also stabilize when the broader market stabilizes. #doge $DOGE