The meme coin market is back with a vengeance, with Dogecoin (DOGE) spearheading a 32% weekly surge as the sector’s total market cap rockets to $85.28 billion—a 30-day high. But beneath the surface, a curious trend is unfolding: long-term holders are quietly cashing out while short-term traders fuel the rally.

DOGE’s Mixed Signals
📈 Price Action:
- $0.2743 (up 32% in a week)
- Trading at February highs
- Aroon Up at 100% (bullish momentum intact)

📉 On-Chain Reality:
- Liveliness metric rising (+0.14% since July 13)
- Long-term holders taking profits
- Short-term traders driving most buying
Technical Outlook: Where Next for DOGE?
🔹 Bullish Case:
- Trading in ascending parallel channel
- Break above $0.28 could target $0.33
- Strong retail FOMO supporting prices
🔸 Risks:
- If momentum fades, $0.23 support in play
- Heavy LTH selling could cap upside
Why Meme Coins Are Hot Again
1️⃣ Broader crypto rally lifting all boats
2️⃣ Retail trader resurgence
3️⃣ DOGE’s first-mover advantage in sector
As one analyst noted:
“When DOGE runs, the rest of meme land usually follows—but this time, the veterans are booking profits early.”