DOGE Drops 8% After U.S. CPI Data, Whale Accumulation and Network Activity Signal Resilience

Dogecoin (DOGE) experienced a significant price decline of approximately 8% over the past 24 hours, with the current price at $0.17459 according to Binance data. This drop is primarily attributed to broader cryptocurrency market weakness following recent U.S. CPI data, which triggered selling pressure across major digital assets. Technical indicators for DOGE remain bearish, with strong resistance at $0.24–$0.26 and analysts suggesting a possible move toward $0.15 if downward momentum persists. Despite the short-term decline, on-chain data shows ongoing accumulation by whale wallets and increased network activity, indicating some continued institutional interest. Dogecoin remains highly liquid, ranked among the top cryptocurrencies by market capitalization, and continues to see elevated trading volumes and active address growth.