1MBABYDOGEUSDT Drops 5.59% Amid Meme Coin Volatility, Resistance, and Active Token Burns on Binance

1MBABYDOGEUSDT declined by 5.59% over the last 24 hours, trading at 0.0003612 USDT on Binance. The recent price decrease is attributed to a combination of heightened volatility in the meme coin sector, mixed market sentiment reflected in social media and analyst commentary, and technical resistance encountered after a brief price pump earlier in the week. Increased trading volumes and participation from value buyers were noted, but overall momentum waned, with some traders anticipating a short-term rejection as the token faced major resistance. 1MBABYDOGE continues to be actively traded, with a circulating supply of over 196 billion tokens and a market cap of approximately $74 million on Binance, while ongoing token burns and ecosystem activity support its deflationary model.