DOGE Token Sees 8% Drop Despite $200M Accumulation and Bullish Golden Cross Signals

Dogecoin (DOGEUSDT) experienced a notable price decline of 8.05% over the past 24 hours, with the current price at $0.22276 according to Binance. The drop is attributed to short-term market volatility despite several bullish signals, including a recent "golden cross" where the 50-day moving average crossed above the 200-day moving average, and significant accumulation by large investors who acquired over $200 million in DOGEUSDT. Increased trading volume, which reached up to $9.24 billion across exchanges, reflects heightened interest from both retail and institutional participants. While technical indicators such as RSI and MACD remain positive and consolidation above the $0.22 level persists, the price has yet to confirm a sustained recovery above key resistance levels, contributing to mixed short-term sentiment. Dogecoin maintains a robust market capitalization, estimated between $33.90 billion and $36.59 billion, and continues to be actively traded, with DOGE/USDT as its most prominent pair.