DOGE Holds Strong Amid 3.96% Price Dip: Whale Accumulation and $2B Volume Signal Resilience

Dogecoin (DOGE) experienced a 3.96% price decline over the past 24 hours, with the current price at $0.16365 according to Binance. The drop is attributed to a broader market downturn impacting major cryptocurrencies, as well as DOGE’s recent displacement to ninth place in market capitalization by TRON (TRX). Despite the price decrease, DOGE’s social media visibility and on-chain activity remain strong, with notable whale accumulation and increased daily active addresses reported in recent weeks. Technical indicators show DOGE establishing support near $0.17, and significant exchange outflows suggest ongoing accumulation by retail investors. Trading volume remains substantial, with the 24-hour volume near $2 billion and market cap around $25.1 billion, positioning DOGE as a leading asset by market capitalization and trading activity.