DOGE Token Slides 4.37% as Trading Volume Drops and Resistance Levels Cap Upward Momentum

Dogecoin (DOGEUSDT) experienced a price decline of 4.37% over the past 24 hours, with the current price at 0.15828 USDT according to Binance data. The drop is attributed to a combination of mixed technical signals, recent market-wide declines, and decreased trading activity, as reflected by a significant reduction in 24-hour trading volume and a continued weekly downtrend. Despite increased leveraged trading activity, indicated by a 1.61% rise in futures open interest and a long/short ratio of 2.21, buy-side liquidity was concentrated at 0.1642 while sell-side resistance was observed at 0.1666, limiting upward movement. Dogecoin’s market capitalization stands at approximately $23.71 billion, with a 24-hour trading volume ranging from $432 million to $800 million, and it remains the 9th largest cryptocurrency by market cap.