DOGE Token Drops 11.21% After Rally, $4.18B Volume Signals Strong Trader Interest

Dogecoin (DOGEUSDT) experienced a notable price decline of 11.21% over the last 24 hours, with the current price at $0.21931 according to Binance data. The drop follows a period of heightened volatility and active trading, with a 24-hour volume of approximately $4.18 billion USD. The recent price movement can be attributed to profit-taking after a strong rally earlier in the week, technical resistance near the $0.25 level, and short-term consolidation following bullish sentiment from the Altcoin Fiesta event and large-scale accumulation by major holders. Despite the pullback, Dogecoin maintains a market capitalization of around $35.94 billion USD and continues to attract significant trader interest, as indicated by increased open interest and ongoing technical analysis highlighting key support and resistance levels.