Bear Signal Lingers On Dogecoin—Here’s Why That’s Bullish
Dogecoin’s Market-Value-to-Realised-Value (MVRV) Z-Score is printing just 0.28 – a level normally associated with capitulation, not euphoria. Yet the price of the ninth-largest cryptocurrency keeps carving a succession of higher highs and higher lows on the weekly chart, trading near $0.17 with a market capitalisation of roughly $26 billion in Monday’s late-New-York session. The juxtaposition between lethargic on-chain sentiment and resilient spot bids was laid bare in a chart posted to X by Kevin, the pseudonymous analyst behind @Kev_Capital_TA. “Dogecoin MVRV Score is still at....
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