Dogecoin's price recently showed signs of recovery by bouncing off a downtrend line and attempting to secure support at $0.26. However, investor actions are crucial to maintain this momentum. Without action, DOGE might decline again.
The Market Value to Realized Value (MVRV) ratio indicates DOGE is in the "opportunity zone," potentially signaling a rebound. If investors accumulate, a DOGE recovery could occur.
Macro momentum issues, like a potential "Death Cross" with EMAs, could signify a downtrend. If DOGE secures support at $0.268, a price rise could follow. However, failing this, the price might drop further, forming a "Death Cross."
Источник: beincrypto.com ↗