DOGE Faces 7.6% Price Drop After Hitting Resistance, Despite Surging Network Activity and Solana Integration

Dogecoin (DOGE) is currently trading at approximately $0.22686, with a 24-hour trading volume of around $3.4 billion and a market capitalization near $34 billion, ranking it as the 8th largest cryptocurrency; the price has declined by about 7.6% over the past 24 hours after opening at $0.24551, reflecting notable volatility. The recent price pullback follows a period of strong upward momentum driven by increased derivatives activity, whale accumulation, and rising network activity—including a surge in daily active addresses and large transactions—while the integration of DOGE into the Solana blockchain via Wormhole has improved cross-chain utility; however, the current correction appears to be a reaction to DOGE encountering resistance between $0.24 and $0.26, as well as broader market consolidation after recent gains.