DOGE Dips 8.4% Amid Global Uncertainty, Surges in Whale Activity and Trading Volume Signal Resilience

Dogecoin (DOGE) experienced an 8.4% price decline over the past 24 hours, falling from a 24h open of $0.16158 to a current price of $0.14801 on Binance. This sharp drop is primarily attributed to broader macroeconomic uncertainty and global geopolitical tensions, which triggered increased volatility across the crypto market. Despite the sell-off, DOGE saw a rapid V-shaped recovery attempt near the $0.151 support level, driven by strong buyer accumulation and elevated trading volumes, as daily active addresses rose by 34.91% in June and whale transactions totaled $23.35 billion. Market activity remains high, with a 24-hour trading volume of approximately $1.3 billion and DOGE maintaining its position among the top cryptocurrencies by market capitalization. Overall, recent price movements reflect heightened sensitivity to global risk sentiment and technical trading patterns, with analysts closely monitoring key support and resistance zones for further direction.