DOGE Price Drops 7.62% Despite 1 Billion Token Whale Accumulation and Bullish Technical Signals

Dogecoin (DOGEUSDT) experienced a notable price decline of 7.62% over the past 24 hours, dropping from 0.24311 to 0.22459 USDT, as reported by Binance. This decrease occurred despite significant whale accumulation exceeding 1 billion DOGE and strong bullish sentiment driven by technical patterns such as the "cup and handle" formation and recent breakouts above key resistance levels. The price movement suggests that while institutional buying and positive technical signals have fueled optimism, short-term profit-taking and market volatility have contributed to the recent pullback. Dogecoin remains highly active, with a 24-hour trading volume of 522.08 million USDT (2.16 billion DOGE) and a circulating supply of approximately 150 billion DOGE, maintaining its position as a leading asset in the meme coin sector.