Dogecoin Drops 3.38% Amid SEC Bitwise ETF Delay, Whale Accumulation Signals Potential Breakout

Dogecoin is currently trading at $0.22302 on Binance, reflecting a 3.38% decrease over the last 24 hours, with a 24-hour trading volume of approximately $1.28–$1.29 billion and a market capitalization near $33.2–$33.56 billion. The recent price decline is attributed to ongoing market consolidation following earlier bullish momentum, as well as the SEC’s decision to delay its ruling on the Bitwise Dogecoin ETF, which has contributed to short-term uncertainty. Despite increased whale accumulation, heightened network activity, and technical signals suggesting potential for a breakout, the market has shown mixed sentiment, leading to volatility and a modest pullback from recent highs.