DOGE Sees 2.16% Price Drop Amid Market Volatility as Institutional Adoption and Utility Surge

Dogecoin (DOGEUSDT) is currently priced at $0.12728 on Binance, reflecting a 2.16% decline over the past 24 hours from a 24h open of $0.13009. The recent price drop can be attributed to conflicting technical signals, with DOGE trading below the $0.135 resistance level and forming bearish patterns on intraday charts, while broader market sentiment is cautious amid ongoing price consolidation and volatility. Despite the short-term downward movement, institutional interest has grown with the launch of regulated futures on Coinbase and the approval of a US memecoin ETF, while adoption in Buenos Aires for tax payments underscores expanding utility. Trading volume remains robust at approximately $898 million to $980.72 million, and Dogecoin maintains its position as a leading digital asset with a market capitalization of about $21.35 billion and a circulating supply of roughly 168.02 billion DOGE.