DOGE Token Slides 2.37% as Whale Accumulation Hits 230 Million Amid Market Caution

Dogecoin (DOGEUSDT) experienced a price decline of approximately 2.37% over the past 24 hours, with the current Binance price at $0.16129, down from a 24h open of $0.16521. This downturn is attributed to recent technical rejections near the $0.16800 resistance level, as well as a broader flat-to-bearish trend observed across major cryptocurrencies in late June. Despite some analysts noting short-term bullish momentum after defending key support levels and significant whale accumulation of around 230 million DOGE in the past two days, overall market sentiment remains cautious due to mixed trading activity and the absence of a clear breakout. Dogecoin's market capitalization stands at approximately $24.2 billion, with a 24-hour trading volume near $850 million and a circulating supply of 149.91 billion DOGE. The 24-hour price range has been between $0.16117 and $0.17001.