DOGE Price Drops 5% Amid Market Pullback, Whale Accumulation Surges Over 680 Million DOGE

Dogecoin (DOGEUSDT) experienced a notable price decline of 5.02% over the past 24 hours, with the current price at 0.22057 USDT according to Binance. This downward movement is primarily attributed to a broader market pullback affecting meme coins, capital outflows from the derivatives market, and a shift toward risk-averse sentiment among investors. Technical analysis highlights a symmetrical triangle pattern and a key support level at $0.2115, with a close below this level potentially signaling further bearish momentum. Despite the price drop, trading activity remains high, with 24-hour volumes ranging from $1.69 billion to $3.57 billion and Dogecoin maintaining a market capitalization in the mid-$30 billion range, ranking it among the top cryptocurrencies. Whale accumulation of over 680 million DOGE and ongoing community engagement have also been observed, indicating continued interest in the asset.