DOGE Holds $0.20 Support Amid 2% Dip as Whale Activity and Futures Interest Surge

Dogecoin (DOGEUSDT) experienced a 2.05% price decline over the past 24 hours, trading at $0.20034 on Binance. The price movement is attributed to a combination of increased futures open interest, which rose by 2.63% to over $3.01 billion, and significant whale activity, with large holders both selling over 740 million DOGE since July 17 and accumulating more than 1 billion DOGE in the last 24 hours. Despite the slight downturn, Dogecoin maintains strong trading activity, with a 24-hour volume exceeding $1.5 billion and a market capitalization around $30 billion, as it holds above the key $0.20 support level. Technical indicators suggest ongoing consolidation, with bullish patterns forming and continued interest from large investors.