DOGE Price Dips 2.28% After ETP Launch and Whale Activity Amid Mixed Technical Signals

Dogecoin (DOGEUSDT) experienced a 2.28% price decrease over the past 24 hours, currently trading at $0.19974 on Binance. The recent price movement can be attributed to a combination of technical and market factors: while the launch of a Dogecoin ETP on the SIX Swiss Exchange and increased whale accumulation provided positive sentiment, technical indicators such as a dip in the 4-hour RSI and weak open interest and funding rates have contributed to short-term bearish momentum. Despite a brief 5% rally challenging the $0.21 resistance, the market has seen a pullback, with traders reacting to mixed technical signals and cautious sentiment following recent gains.

Dogecoin remains the ninth-largest cryptocurrency by market capitalization, with a circulating supply of approximately 150.39 billion DOGE, a market cap near $29.91 billion, and a 24-hour trading volume between $1.66 billion and $1.77 billion, reflecting active trading and ongoing volatility.