DOGE Token Sees $1.3B Surge in Volume Amid 4% Drop and Record Community Activity

Dogecoin (DOGEUSDT) experienced a 4.06% price decline in the last 24 hours, currently trading at $0.12885 on Binance. The decrease is primarily attributed to increased market volatility, consolidation around key technical levels, and signals of weakening buying pressure as indicated by technical patterns such as a possible bearish MACD crossover. While retail interest and futures Open Interest have risen, offsetting subdued institutional flows, a surge in trading volume to over $1.3 billion reflects heightened activity likely driven by engagement campaigns and accumulation by large holders. Dogecoin reached a 24-hour high of $0.13845 and a low of $0.12764, with active address count at its highest since September, indicating strong community participation despite recent price softness.