Dogecoin’s Reversal Confirmed – Is This Your Last Chance to Buy Before the Accumulation Surge?
Dogecoin flips the script—price reversal locked in as whales circle the waters.
The meme coin that refuses to die
DOGE defies the skeptics again, charting a bullish reversal while edging toward what traders call the 'accumulation sweet spot.' No fancy jargon—just a textbook setup for those who missed the last pump.
Why this isn’t just another false dawn
On-chain metrics whisper what price action shouts: old hands are quietly reloading bags. The same 'dumb money' that laughed at DOGE in 2021? Now lurking in derivatives data like Wall Street interns at a free buffet.
One rule remains—buy when crypto Twitter’s bored, sell when they meme it into oblivion. And for the finance traditionalists still clutching their pearls? Let’s just say Dogecoin’s ROI since 2020 laughs harder than their 'diversified portfolios.'
Dogecoin Investors Could Accumulate Soon
The long-term Net Unrealized Profit/Loss (NUPL) indicator shows that Dogecoin holders (LTHs) have been more uncertain than during previous rallies. In the past, LTHs crossing the 0.5 NUPL threshold often triggered a price decline. However, this time, the NUPL crossed the threshold earlier than expected.
The early shift suggests a rise in skepticism due to increasing prices, which may have triggered the selling pressure. This, however, could lead to a lower price, making DOGE more attractive for new buyers who believe in its future growth potential.
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The 30-day Market Value to Realized Value (MVRV) ratio also signals a potential turning point for Dogecoin. This metric, which measures the profit or loss of DOGE bought in the past month, is currently showing a 2.4% loss. While this indicates that the recent buyers are at a loss, the drop could bring DOGE into the opportunity zone, when the MVRV ratio falls between -9% and -20%.
This opportunity zone typically marks the point where accumulation starts, as prices are considered favorable for investors looking to enter at a lower price. The declining MVRV ratio, paired with the ongoing price drop, suggests that DOGE is nearing this zone. If DOGE enters this territory, it may spark renewed buying interest, which could lead to a strong recovery.
DOGE Price Is Holding On
Dogecoin’s price is currently at $0.220, holding just above the support level of $0.218. If selling continues, the price could break this support and move down to $0.198. A drop to this level WOULD push DOGE into the accumulation zone, which could trigger a reversal and set the stage for a potential price increase.
If the price falls to $0.198, it would likely prompt further buying, especially from long-term investors who see the value at these levels. This move could set dogecoin up for a recovery in the coming days, with a price bounce that could help it regain momentum.
Should selling pressure subside and the price begin to recover, Dogecoin could bounce off the $0.218 support and MOVE toward $0.241. This bounce would invalidate the bearish thesis and potentially signal the beginning of a new upward trend for DOGE.
