DOGE Token Sees 7.23% Drop Amid Whale Accumulation and 82% Surge in Trading Volume

Dogecoin (DOGEUSDT) experienced a 7.23% price decline over the past 24 hours, with the current price at 0.19141 USDT according to Binance. This drop is attributed to short-term bearish sentiment as the price was rejected at key resistance zones near $0.1977 and $0.206, leading to increased seller activity. Despite this, the past week saw notable whale accumulation, heightened on-chain activity, and an 82% surge in trading volume, reflecting strong market engagement. Dogecoin remains among the top 10 cryptocurrencies by market capitalization, with a circulating supply of approximately 150 billion DOGE and a market cap between $28.5 billion and $30.8 billion. The asset's price action is being closely watched, as analysts highlight the potential for a breakout if resistance levels are surpassed, while broader market rallies and speculative news continue to influence sentiment.