DOGE Token Faces 2.17% Price Dip as Resistance Levels Stall Short-Term Momentum

Dogecoin (DOGEUSDT) experienced a 2.17% price decrease over the past 24 hours, with the current price at 0.22867 USDT according to Binance. The decline is attributed to the asset's inability to break through key resistance levels near 0.2407 and 0.2320, despite increased accumulation by large holders and a notable 9% rise in open interest, indicating fresh capital in derivatives markets. Recent volatility saw Dogecoin trade between 0.24669 and 0.22939, with a 24-hour volume around $2.6 billion and a market capitalization of approximately $34.47 billion, ranking it as the eighth largest cryptocurrency. While the weekly and yearly trends remain positive, short-term momentum has slowed due to resistance and profit-taking.