The post Dogecoin faces 11.72B DOGE sell barrier – Can bulls break it? appeared on BitcoinEthereumNews.com.

Dogecoin, the leading memecoin by market capitalization at $23.28 billion, has continued to face strong downward pressure, partly due to changing market sentiment. Yearly, the asset is down by 67%, while its daily performance reflects the same bearish trend, with DOGE dropping another 2.4% over the past 24 hours, at press time. Amid this decline, several signals have emerged that investors need to pay attention to, as AMBCrypto expects these indicators to define Dogecoin’s [DOGE] broader market trend. No bubble at all Market indicators point to a potential ongoing accumulation phase for DOGE. This is based on the current Bubble Risk Model, which shows that sentiment remains muted at this level. Typically, such signals suggest a possible decline when an asset is considered overvalued in the market. However, as the indicator continues to trend lower, it instead points to ongoing accumulation rather than distribution. Source: Alphractal This accumulation trend aligns with the increase in on-chain activity, further suggesting that investors are steadily positioning in the market. According to Santiment data, the number of daily active addresses has spiked notably, reaching 73,560 based on the latest reading on the chart. Is demand actually increasing? The question remains whether there is an actual growing demand for DOGE in the market, and current data suggests that this may be the case. This rising demand has come primarily from the spot market, where retail investors have maintained a week-long buying streak. The Exchange Netflow metric, which tracks whether buyers or sellers dominate the market, shows that buyers currently hold the upper hand. Roughly $3 million worth of DOGE was scooped up recently, bringing the weekly total to $50 million in net purchases, slightly more than 2% of its market capitalization. Source: CoinGlass Despite this, overall trading volume continues to decline, indicating weakening sentiment that…

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Filed under: News - @ December 6, 2025 5:17 am