DOGE Token Sees 9% Price Drop Amid $5.1B Trading Surge and Bullish Chart Patterns

Dogecoin (DOGEUSDT) experienced a notable price decline of 9.19% over the last 24 hours, dropping from a 24h open of $0.24352 to a current price of $0.22114 on Binance. This downward movement occurred despite strong bullish sentiment driven by significant accumulation from large wallets, increased trading volumes, and the formation of a golden cross and cup-and-handle patterns on technical charts. The recent surge in trading activity and positive market indicators contributed to a weekly price increase of 19.33%, but the approach of the Relative Strength Index (RSI) to overbought levels and profit-taking after a strong rally likely led to the short-term pullback. Dogecoin maintains active trading with a 24-hour volume of over $5.1 billion and a market capitalization near $33.68 billion, reflecting continued investor interest and volatility.