DOGE: On-Chain Metrics Signal Potential Relief Rally as Price Stabilizes Near Critical $0.10 Support

Dogecoin (DOGE) appears to be finding stability around the psychologically significant $0.10 level after a turbulent week, with on-chain data suggesting the potential for a near-term relief rally. Following an 11% plunge that dragged the meme coin to multi-month lows, DOGE has shown tentative signs of recovery, gaining 1.4% in the last 24 hours as buyers emerge to defend the $0.107 support zone. Despite remaining down 18% over the past week, improving on-chain metrics indicate shifting market dynamics that could support upward momentum. Santiment's 30-day Market Value to Realized Value (MVRV) ratio has improved to -14.4%, signaling that the average DOGE holder is currently at a loss over the past month—a condition that historically precedes potential buying opportunities and short-term price rebounds. This negative MVRV reading suggests that selling pressure may be exhausted among recent buyers, potentially clearing the path for accumulation by longer-term investors. The stabilization NEAR $0.10 represents a critical technical and psychological battleground, as this level has served as both support and resistance in previous market cycles. The emergence of buyers at this threshold indicates that market participants view current prices as attractive for entry, particularly given Dogecoin's established position within the cryptocurrency ecosystem and its continued relevance in payment adoption and social media engagement. While broader market conditions remain cautious, the combination of oversold conditions, improving on-chain metrics, and strong buyer interest at key support levels creates a compelling setup for a potential relief rally in the coming weeks. Investors should monitor whether DOGE can maintain its foothold above $0.10 and watch for increasing transaction volume and network activity as confirmation of sustained recovery momentum.

Dogecoin Stabilizes Near $0.10 as On-Chain Data Suggests Potential Relief Rally

Dogecoin (DOGE) found footing around $0.107 after an 11% plunge last week dragged the meme coin to multi-month lows. The token remains down 18% over the past week but shows tentative signs of recovery with a 1.4% gain in the last 24 hours, as buyers emerge near the psychologically critical $0.10 threshold.

On-chain metrics hint at short-term upside potential. Santiment's 30-day MVRV ratio improved to -14.4% from -20.8%, signaling that sellers may be exhausting their pressure. Historical patterns suggest such negative MVRV readings often precede local bottoms, though the broader technical outlook remains bearish below the 50-day moving average at $0.128.

The altcoin market continues to consolidate amid fragile risk appetite and dwindling retail participation. DOGE's recent bounce mirrors similar oversold recoveries during prior corrections, but sustained momentum WOULD require reclaiming key resistance levels.

Dogecoin Network Activity Surges 36% as Active Addresses Spike

Dogecoin's on-chain activity has surged dramatically, with active addresses jumping 36% in the past week. Over 71,400 wallets engaged in transactions, marking one of the most significant short-term increases in network participation this year.

The meme cryptocurrency traded at $0.1043 amid a slight 3.77% pullback, maintaining a robust $17.63 billion market capitalization. Trading volume remained healthy at $1.48 billion, suggesting sustained investor interest despite the price dip.

Analysts interpret the address growth as a sign of renewed network utility rather than speculative trading alone. The metric typically reflects genuine usage—including transfers, wallet movements, and exchange transactions—rather than passive holding patterns.

Dogecoin (DOGE) Shows Signs of Undervaluation as MVRV Ratio Recovers

Dogecoin (DOGE) has stabilized above the $0.10 support level, trading at $0.105 amid a broader crypto market recovery. The meme coin's 30-day Market Value to Realized Value (MVRV) ratio improved to -14.40%, up from -20.80% last weekend, signaling a potential undervaluation zone.

Santiment data reveals the 7-day MVRV ratio climbed to -1.16%, a level historically associated with market bottoms. Similar MVRV compressions preceded rebounds during the October 2025 downturn triggered by U.S.-China trade tensions.

Analysts note most DOGE holders remain underwater, but negative MVRV readings often attract bargain hunters. The coin's on-chain metrics suggest growing accumulation at current levels, with unrealized losses creating discounted entry opportunities.