Dogecoin remains 47% below its yearly peak of 0.48 USD despite a 5% rise. The memecoin sector has faced a decline, leading to a potential accumulation phase among investors as key resistance levels are still unbroken.

The number of Dogecoin holders has risen significantly from 6.8 million to 7.15 million since the peak following the elections. This suggests a growing confidence among investors, even amid volatile market conditions.

Investor sentiment appears uncertain, with whale activity displaying mixed trends. Key support for Dogecoin is at 0.23 USD, and a lack of significant market activity maintains DOGE’s holding pattern.