DOGE Drops 4.51% Despite 230 Million Accumulation and $3.4B Volume Amid Resistance Rejection

Dogecoin (DOGEUSDT) experienced a 4.51% price decrease over the last 24 hours, with the current price at $0.23193 on Binance. The decline follows a period of heightened accumulation by large holders, with over 230 million DOGE acquired, and increased trading activity driven by bullish technical signals such as a potential double bottom pattern and favorable RSI. Despite positive sentiment and reports of breaking key resistance levels, the price faced downward pressure after strong rejection in the $0.2335–$0.2340 zone and profit-taking by traders. The 24-hour trading volume remains robust at $3.40 billion, and Dogecoin continues to rank among the top 10 cryptocurrencies by market capitalization, with active trading primarily on centralized exchanges.