DOGE Token Sees 5.77% Price Drop Amid High Volatility and Surging Trading Volumes on Binance

Dogecoin (DOGEUSDT) experienced notable volatility over the past 24 hours, with its price declining by 5.77% to $0.16260 on Binance. The recent price movement follows a period of bullish momentum driven by technical indicators such as a bullish engulfing candle and a golden cross, as well as increased trader interest and a broader market recovery ahead of the US Independence Day holiday. However, despite these positive signals and high trading volume, profit-taking and short-term market corrections have contributed to the recent price pullback.

Currently, Dogecoin maintains high liquidity and substantial trading activity, with a 24-hour trading volume ranging from $58.05 million to $1.71 billion and a market capitalization between $24.37 billion and $26.18 billion. The circulating supply stands at approximately 149.95 billion DOGE.