DOGE Faces 2.78% Dip as Whale Activity and Trading Volume Surge Past $1.35 Billion

Dogecoin (DOGE) is currently trading at $0.22182 on Binance, reflecting a 2.78% decline over the past 24 hours, with a notable increase in trading volume to approximately $1.35–1.4 billion and a market capitalization around $33.3 billion. The recent price decrease is attributed to a combination of technical factors, including DOGE's Relative Strength Index nearing overbought levels and resistance near the $0.25–$0.26 range, as well as heightened market activity and profit-taking following increased accumulation by large investors ("whales") and growing social media attention. Despite the short-term pullback, overall sentiment remains positive, with analysts monitoring for a potential breakout while noting increased competition from emerging low-priced tokens.