DOGE Slides 4.68% Amid $150 Million Transfer and High Trading Volume: Key Market Shifts Explained

Dogecoin (DOGEUSDT) experienced a 4.68% price decrease in the last 24 hours, with the current price at $0.22269 according to Binance. The decline is attributed to increased selling pressure near resistance zones ($0.2320–$0.2340), a notable drop in open interest from July peaks, and cautious market sentiment following recent volatility. Despite a recent transfer of 150 million DOGE to an unknown wallet and ongoing adoption in payment systems, short-term bearish trends and profit-taking have contributed to the downward movement. Dogecoin remains a top 10 cryptocurrency with a circulating supply of over 150 billion DOGE, a 24-hour trading volume of approximately $2.77 billion, and a market capitalization of $33.64 billion, reflecting continued high activity and interest in the asset.