DOGE Dips 2.13% Amid $1B Trading Surge as Whale Holdings Jump 112% on Binance

Dogecoin (DOGEUSDT) experienced a 2.13% decrease in the last 24 hours, with the current price at $0.16761 on Binance, opening at $0.17126. The recent price decline is primarily attributed to mixed market sentiment and technical factors, including a bearish short-term structure and DOGE trading below key resistance levels such as $0.16379 and $0.165, which has encouraged selling pressure. Despite this, on-chain data shows significant whale accumulation, with large wallets increasing holdings by over 112% in the past week, suggesting underlying accumulation activity. Market activity remains high, with over $1 billion in 24-hour trading volume and Dogecoin maintaining a market capitalization around $25 billion. The price has fluctuated within a $0.16602 to $0.17719 range, reflecting ongoing volatility and consolidation as traders monitor support and resistance levels for potential directional moves.