Dogecoin fell nearly 4% to around $0.1426 as traders sold into strength following a failed rally attempt.
The decline came despite broader crypto markets trading more steadily, leaving Dogecoin among the weakest large-cap tokens.
Selling pressure intensified after DOGE failed to hold above the $0.1457 support level.
Elevated trading volume, running well above recent averages, signalled distribution rather than accumulation.
The sharpest selling followed a rejected move towards the $0.1511 level earlier in the session.
Late-session price stabilisation near $0.1425 indicated exhaustion among sellers rather than a clear reversal.
Analysts said speculative appetite for meme coins is showing signs of fatigue after a strong start to the year.
Traders were seen taking profits amid a lack of fresh catalysts to sustain momentum.
Market participants noted that meme tokens tend to underperform first when risk sentiment weakens.
DOGE remains vulnerable to further downside unless broken support levels are reclaimed with stronger demand.
At the time of reporting, Dogecoin price was $0.1441.