DOGE Sees 2.79% Dip as Billion-Token Accumulation and High Volume Signal Ongoing Market Interest

Dogecoin (DOGEUSDT) experienced a 2.79% price decline over the past 24 hours, with the current price at $0.26503 according to Binance data. The recent price movement is attributed to a combination of factors: large holders have accumulated over 1 billion DOGE, open interest in DOGE derivatives has increased, and technical indicators such as an RSI of 66 and a positive MACD histogram suggest ongoing bullish momentum. However, after a strong rally in the previous week—driven by broader altcoin market gains, institutional interest from Thumzup Media, and positive regulatory developments—the market has entered a consolidation phase, leading to short-term volatility and a modest pullback. Trading volume remains high, ranging from $6.16 billion to $20.16 billion in the last 24 hours, and Dogecoin maintains a market capitalization of approximately $39 billion, reflecting sustained market interest despite recent price fluctuations.