DOGE Sees 2.11% Dip Amid Whale Accumulation and Surging Trading Volume on Binance

Dogecoin is currently trading at $0.19258 on Binance, reflecting a 2.11% decrease over the past 24 hours, with trading volume showing a notable uptick and the market cap remaining near $28.9 billion. The recent price decline can be attributed to broader market volatility, including an 8% drop during a recent crypto sell-off, despite increased on-chain activity from large holders and institutional interest indicated by significant DOGE transfers and accumulation by whale wallets. While technical indicators show DOGE testing key support and resistance levels, the market remains cautious amid mixed sentiment and historical patterns of underperformance in June, even as some analysts highlight potential for renewed volatility and upside movement driven by increased whale and institutional activity.