DOGE holders may sell if it rises above key accumulation zone

DOGE holders may consider selling their holdings if the cryptocurrency rises above a key accumulation zone, according to recent analysis. If DOGE increases by 5%, it will reach a major support level, enticing traders to sell and break even on their investment. The social volume for DOGE has also reached its lowest level in the past year, suggesting a lack of overall interest in the coin. Additionally, DOGE has underperformed other top meme coins throughout the year. On the positive side, the current market calmness could present a buying opportunity for some investors. However, it is important to note that DOGE has not been as responsive to bullish market triggers as it was during the previous cycle. In the short term, there could be a significant number of shorts liquidated if DOGE’s price reaches $0.111. Meanwhile, another Ethereum-based meme coin, MOG, has experienced notable growth in the top 200 cryptocurrencies.