DOGE Slides 5.34% After Rally, Maintains $24.4B Cap as Binance Pay Boosts Utility

Dogecoin (DOGEUSDT) experienced a 5.34% price decline over the past 24 hours, with the current price at $0.16313 according to Binance data. The recent pullback follows a short-term rebound from lows around $0.143, which was driven by renewed bullish sentiment and increased trading activity ahead of the U.S. Independence Day holiday. However, the subsequent drop can be attributed to profit-taking after the recent rally and broader market volatility, as well as a decrease in trading volume compared to the previous day. Despite the short-term decline, Dogecoin maintains a strong market position with a 24-hour trading volume of approximately $986 million and a market capitalization near $24.4 billion, while technical indicators suggest the asset remains in a mildly bullish structure. Recent developments such as Binance Pay’s support for instant, zero-fee DOGE transfers may also contribute to sustained user interest and utility.