DOGE Drops 6.41% Amid Market Correction, Whale Accumulation Surpasses 1.4 Billion Tokens

Dogecoin (DOGE) experienced a 6.41% price decline over the past 24 hours, with the current price at $0.18939 and a 24-hour open of $0.20236, according to Binance data. The recent price drop is primarily attributed to persistent bearish sentiment across the broader cryptocurrency market, technical resistance at the $0.25 level, and a failed breakout above $0.20, as reported by multiple reputable sources. Despite the downward momentum, on-chain data indicates significant whale accumulation of over 1.4 billion DOGE and increased network activity, which may signal potential for future volatility. Trading volume remains strong, and DOGE maintains a market capitalization above $28 billion, ranking in the top 10 cryptocurrencies by market cap, reflecting continued active participation and liquidity even amid the current correction.