DOGE Slides 6.67% Amid Bearish Sentiment, Whale Accumulation Signals Potential Shift Ahead

Dogecoin (DOGE) has declined by 6.67% over the past 24 hours, with the current price at $0.14818 according to Binance data. The price drop is primarily attributed to persistent bearish sentiment following DOGE’s recent entry into oversold territory and a lack of strong buyer momentum, despite increased network activity and notable whale accumulation. Technical resistance near $0.17 and the absence of a clear bullish reversal have also contributed to the downward pressure. Trading volume remains robust at approximately $1.82 billion, and DOGE holds a market capitalization of around $22.5 billion, ranking #9 among cryptocurrencies. While short-term sentiment is negative, ongoing whale accumulation and heightened network engagement are being closely monitored for potential impact on future price action.