DOGE Price Drops 4.65% Amid Bearish Signals, Major Holders Accumulate 2 Billion Tokens

Dogecoin (DOGEUSDT) has declined by 4.65% over the past 24 hours, with the current price at $0.21346 according to Binance. The recent price drop is attributed to bearish technical signals, including a MACD sell signal and a decrease in the RSI to 47, indicating reduced buying pressure. Despite the downturn, large holders have accumulated over 2 billion DOGE in the past week, suggesting notable activity among major wallets. Dogecoin remains volatile, with a 24-hour trading volume of approximately $2.89 billion and a market capitalization near $32.21 billion, ranking it 9th in the cryptocurrency market.