DOGE Token Drops 8.48% After Bullish Surge, $741M Volume Signals Active Trading

Dogecoin (DOGEUSDT) experienced an 8.48% price decrease over the last 24 hours, with the current price at $0.22610 according to Binance. The decline follows a period of heightened bullish sentiment driven by technical signals such as a Golden Cross and a "cup and handle" pattern, as well as significant accumulation by large holders, with over 1–2 billion DOGE purchased recently. Despite these positive indicators and analyst optimism for further gains, the price drop may be attributed to profit-taking after DOGEUSDT broke key resistance levels and increased volatility in the broader market. Dogecoin remains actively traded, with a 24-hour volume exceeding $741 million on Binance and a market capitalization near $34 billion, ranking it among the top cryptocurrencies by market cap.