On-chain analyst Ali Martinez has highlighted a concerning technical signal for Dogecoin (DOGE), as its Market Value to Realized Value (MVRV) Ratio has crossed below its 200-day moving average, forming a bearish "death cross." Historical data suggests that previous instances of this pattern have led to significant price declines for DOGE. The latest crossover has raised fears of another sharp correction for the cryptocurrency. Dogecoin's price has seen considerable volatility in recent months, with significant rallies followed by corrections. The MVRV death cross indicates that holders may enter a loss phase, potentially triggering further sell-offs and adding downward pressure on the price. The projected decline implies dip buyers may target new entries at $0.194 or even $0.14683. However, some analysts remain optimistic and predict a 150% price surge for DOGE, emphasizing its long-standing presence in the crypto space.



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