Is a rebound of $ 1 still possible?

DOGECOIN (DOGE) enlightened a technical signal concerning which previously led to high price corrections.

Chain analyst Ali Martinez highlighted Development in a tweet today. He revealed that the market value ratio of DOGE / VALUE VALUE (MVRV) has just crossed its mobile average (MA) (MA), forming a lower “death cross”.

Historical data suggest that this model preceded significant slowdowns. Specifically, Mastiff saw price reductions of 26% and 44% the last two times it happened. The last crossover raises fears that Doge can face another clear correction if the pattern takes place.

MVRV Death Cross and its impact on Dogecoin Prize

The MVRV ratio is a key measure which indicates whether an asset is overvalued or undervalued by comparing its market price at the average price paid by investors. A crossing below the 200 -day MA indicates a change of feeling of the lowerier bullish market.

For the context, the Dogecoin price has experienced considerable volatility in recent months, with significant rallies followed by corrections. For example, DOGE fell 2.87% today. This has aggravated its 30 -day performance, which now shows a substantial drop of 35%.

The last drop follows a rally at almost $ 0.30 Friday after weeks of negotiation below this psychological threshold. While many had hoped that Dogecoin’s rebound would last, the lowering feeling is gaining ground again.

The MVRV Death Cross suggests that holders can enter a loss phase, which has potentially triggered other sales and adding downward pressure on the price.

Market prospects for DOGE

By currently negotiating at $ 0.2622, the warning of a correction of 26% to 44% implies that lower buyers may target new entries to $ 0.194 in the best case, or even $ 0.14683 if the conditions got worse.

For the context, Mastiff Last exchange in this range in October 2024, stressing the importance of the planned decline.

While historical trends are looking into, wider market conditions and external catalysts – such as ETF NewsThe accumulation of whales and the media threshing of social media – could help to counter the planned slowdown.

In response to Martinez’s tweet, analyst Cryptolax suggested that Dogecoin bulls could find support around the psychological level of $ 0.20, which could serve as a basis for a rebound.

However, Cryptolax warned That the loss of key exponential mobiles (EMAS) could lead to additional declines for Doge.

While Martinez predicts the possibility of a major crash, other analysts remain optimistic. Some predict a price wave of 150% for DOGE. Abbe case, in particular, noted that DOGE is currently in a bullish descending channel, similar to the models observed in the Q4 2023 and Q3 2024.

Abbe stressed that these two previous eruptions led to a price increase of 150%. Meanwhile, he recognized that the feeling around the coins is currently weak. However, he stressed that Dogecoin has been a pillar in cryptographic space for a decade and is likely to maintain his presence.

“A DOGECOIN at $ 1 is a realistic price goal for this cycle”, “ Father concluded.

$ DOGE is currently in a bullish descending channel, similar to the Q4 2023 and the third quarter of 2024.

In both cases, the break resulted in a 150% +pump.

I know that the feeling for the same is very broken, but $ DOGE has been in this space for a decade and will continue to be here.

A DOGE at $ 1 is a … pic.twitter.com/dwnb2jhobf

– abbot case (@cas_abbe) February 17, 2025