DOGE Shows Bullish Signals as MVRV Ratio Rebounds: Is a 400% Rally Imminent?

Dogecoin (DOGE) is displaying strong signs of a potential bullish reversal, with its Market Value to Realized Value (MVRV) ratio rebounding to historically significant levels. This development coincides with a 15% weekly price surge, sparking optimism among analysts and investors. The meme cryptocurrency, which endured a 55% decline in Q1 2025, is now exhibiting technical patterns reminiscent of conditions that preceded its massive 400% rallies in previous market cycles. On-chain analyst Cryptollica highlighted this MVRV rebound in an April 26 analysis, suggesting DOGE might be entering an extended recovery phase. As of April 28, 2025, the cryptocurrency market is watching DOGE closely for confirmation of this potential trend reversal.

Dogecoin MVRV Signals Potential Bullish Reversal as Price Jumps 15%

Dogecoin’s market value to realized value (MVRV) ratio has returned to a historically significant level, coinciding with a 15% weekly price surge. The meme cryptocurrency, which suffered a 55% decline in Q1 2025, now shows technical similarities to conditions preceding its 400% rally in previous cycles.

On-chain analyst Cryptollica noted the MVRV rebound in an April 26 analysis, suggesting Doge may be entering an extended recovery phase. The altcoin’s recovery comes amid broader market uncertainty that has particularly impacted speculative assets.

Dogecoin Signals Bullish Reversal After Prolonged Downtrend

Dogecoin has broken out of a multi-week descending trendline, confirming a technical reversal from bearish to bullish momentum. The meme cryptocurrency’s April 22nd daily close above resistance marks its first sustained uptrend since January.

Trader Tardigrade, a recognized market analyst, identified the pattern shift through classical chart analysis. The breakout follows months of declining prices that saw DOGE lose nearly 50% from its December highs.

Dogecoin Whales Signal Bullish Momentum as Price Eyes 10% Upside

Dogecoin’s recent breakout from a descending trendline has drawn intensified interest from major holders, with 68.28% of top DOGE traders on Binance maintaining long positions. The memecoin’s consolidation phase coincides with a 540.47% surge in whale transactions valued between $1-$10 million, suggesting accumulation at current levels.

A decisive daily close above $0.185 could trigger the next leg up for DOGE, building on its recent upside momentum. IntoTheBlock data reveals this whale activity as institutional-grade participants increasingly treat the asset with speculative seriousness typically reserved for blue-chip cryptocurrencies.