Dogecoin (DOGE) is in a sweet buy zone.

The price of Dogecoin (DOGE) is likely to struggle a bit between bullish and bearish over the next few days.

Mixed signals coming from the market suggest that meme coins will eventually move sideways.

Buy or Sell Dogecoin?

The price of Dogecoin is currently showing different signs on several indicators. On the one hand, the Realized Value to Market Value (MVRV) ratio shows that accumulation is ideal.

MVRV ratio monitors investors' profits and losses. Dogecoin's 30-day MVRV is -11%, indicating losses have occurred, and accumulation may continue. Historically, a Doji MVRV between -6% and -19% often signals a recovery and rally, which is called the accumulation opportunity zone.

On the other hand, the Daily Active Address (DAA) divergence indicator suggests selling. This indicator indicates the discrepancy between the price movement of a cryptocurrency and the number of unique addresses involved in daily transactions. These differences can indicate a potential trend reversal or strength in the market.

Considering that both participation and price action are currently decreasing, the market is sending a sell signal. This could cause Dogecoin’s price to offset any strength from potential accumulation.

Read more: How to Buy Dogecoin (DOGE) and Everything You Need to Know

Dogecoin Price Prediction: Below Bar

Trading at $0.13 , the price of Dogecoin has already witnessed significant declines over the past two weeks. The meme coin is now likely to witness a bottom between $0.15 and $0.12. These two levels have been rigorously tested in the past and act as strong resistance and support respectively.

Indicators showing mixed signals strongly suggest a sideways movement in meme coins.

Read More: Dogecoin (DOGE) Price Prediction 2024/2025/2030

A breakout or breakdown would invalidate the bearish neutral logic, sending DOGE above $0.16 or below $0.11. The former will help you recover from recent losses, while the latter will magnify them.