Dogecoin Sees $1.25B Volume Amid 2.43% Dip After 40% Rally and Whale Accumulation

Dogecoin is currently trading at $0.22358 on Binance, reflecting a 2.43% decrease over the past 24 hours, with a 24-hour trading volume of approximately $1.25 billion and a market capitalization of $33.26 billion, maintaining its position as the 8th largest cryptocurrency by market cap. The recent price decline follows a period of heightened volatility, including a 40% rally driven by a breakout above the 200-day EMA and strong whale accumulation, followed by a consolidation phase and a 7% drop as the price tested resistance near $0.25. Increased trading activity, speculative interest, and ongoing promotions such as Binance’s campaign for South Asian users have contributed to high market engagement, while technical indicators suggest the market is currently consolidating after recent gains.