DOGE Token Sees 2.14% Drop Amid $1B Whale Accumulation and High Long Positions on Binance

Dogecoin (DOGEUSDT) is trading at 0.16442 on Binance, reflecting a 2.14% decrease over the past 24 hours from an open of 0.16801. The recent price decline follows a period of high volatility and a leverage flush, with perpetual contracts showing 75% long dominance, indicating that many traders are still positioned for upward movement. Despite bullish technical patterns, whale accumulation exceeding $1 billion in the past month, and positive sentiment about potential rallies in July, short-term technical indicators remain mixed, with DOGE trading below major moving averages and AI models forecasting a conservative price range. Current market capitalization is approximately $24.75–$24.80 billion, with 24-hour trading volume between $885 million and $1.98 billion, and a circulating supply near 149.9 billion DOGE. Dogecoin maintains strong trading activity and community engagement, ranking among the top 10 cryptocurrencies by market cap and volume.