DOGE Token Sees 2.8% Dip as Traders Lock Profits After Market Rally and Bitcoin Surge

Dogecoin (DOGEUSDT) experienced a 2.80% price decrease over the last 24 hours, with the current price at $0.19543 and a 24-hour open of $0.20107, according to Binance data. The recent price movement is attributed to profit-taking following a broader market rally earlier in the week, which was driven by positive sentiment around anticipated US crypto legislation and Bitcoin's new all-time high. Increased trading activity, whale accumulation, and technical breakouts contributed to earlier gains, but the latest session reflects market volatility and a short-term pullback. Dogecoin maintains a robust market capitalization and high trading volume, signaling continued strong interest and activity in the asset.