DOGE Token Slides 3% as Whale Activity Hits Lows, Network Activity Drops Below 60,000 Addresses

Dogecoin (DOGEUSDT) has experienced a 3.03% decline over the past 24 hours, with the current price at $0.15952 according to Binance data. This price drop is primarily attributed to a combination of decreased network activity—evidenced by daily whale transactions at their lowest since October 2024 and active addresses falling below 60,000—and broader market weakness, as most large cryptocurrencies, including Dogecoin, saw declines. Additional contributing factors include recent technical resistance at the $0.165 level and ongoing consolidation following a sharp downturn from the $0.1820 zone. Despite some market sentiment suggesting potential accumulation and a possible recovery if DOGE can reclaim the $0.17 mark, the prevailing trend has been downward, with trading volume over the last 24 hours around $796 million and market capitalization at approximately $24.2 billion. Dogecoin remains the 9th largest cryptocurrency by market cap, with a circulating supply of about 149.91 billion DOGE.