$DOGE

Over the past week, the price of the widely used memecoin has dropped by about 14%. Investors are anticipating a quick turnaround, but IntoTheBlock's numbers don't back it up. According to the IOMAP indicator, which stands for "In/Out of Money Around Price," a selling frenzy is possible at the $0.11 mark.

Based on their entry points, or buy prices, in relation to the current price, the metric categorizes present asset holders. Those that are making money, those that are just breaking even, and those that are losing money are all highlighted.

Significant buy and sell zones can be identified using the resulting groups. One might anticipate that they will serve as levels of support or resistance. A stronger level is achieved when there are more addresses in a given price range.