Dogecoin (DOGE) is showing signs of life again. After last week’s sharp correction, we’re seeing the meme coin stabilize around $0.107, giving us a glimmer of hope for a near-term rebound.
But the broader trend remains bearish, and analysts are staying cautious. Let’s break down what’s happening with DOGE and why we’re watching this closely.
DOGE Looks Undervalued, But Caution Is Key
On-chain metrics suggest that Dogecoin may be undervalued right now. The 30-day Market Value to Realized Value (MVRV) ratio sits at -14.4%, recovering from a low of -20.8% over the weekend. Meanwhile, the 7-day MVRV shows -1.16% after hitting -8.52% on Saturday.
These negative readings indicate that holders are sitting on unrealized losses, a classic sign that buyers could step in. Historically, similar levels have preceded short-term rebounds.
We also noticed DOGE’s long-to-short ratio above 1, meaning merchants are slightly more bullish than bearish. That’s encouraging if you’re hoping for a bounce, but it doesn’t guarantee the downtrend is over.
Price Action: Bounce or Dead-Cat?
Dogecoin dipped below $0.119 last week, briefly testing $0.095 on Saturday before climbing back to $0.106. If this recovery continues, DOGE could target $0.119 again.
However, the technical indicators are mixed. The Relative Strength Index (RSI) is at 31, just above oversold territory, hinting at a possible short-term bounce. The MACD still shows bearish momentum, which keeps us grounded.
The key takeaway for us: any rebound could be a “dead-cat bounce,” a short-lived increase within a longer downtrend. If DOGE falls below $0.095, we could see support levels near $0.078 and even $0.05 come into play.
Could $1.40 Be Possible?
Despite the bearish setup, some analysts are pointing to historical signals that suggest DOGE might stage a bigger recovery. The Price Momentum Oscillator (PMO) has reset to levels that preceded past major rallies. Think the 21,000% surge from 2015 to 2018.
For this to happen, DOGE needs to hold support around $0.10, reclaim the midline of its channel, and push past prior resistance zones near $0.26 and $0.40–$0.49. While we remain cautious, this is a scenario worth keeping an eye on for potential upside.
Diversifying: Minotaurus (MTAUR) Could Be a Smart Move
While we keep watching DOGE, there’s another coin catching our attention: Minotaurus (MTAUR).
- Current price: 0.00012654 USDT
- Recent surge: 3X from 0.00004 USDT
- Upcoming exchange listings and major partnership announcements could drive the price higher
- Low starting market cap (~5.6 million) gives huge potential room to grow
- Verified on-chain presale wallet shows no outflows in 549 days, confirming credibility
For perspective, committing just 50 USDT at current levels could buy you about 395,000 tokens. If the price reaches 0.01 USDT, that 50 USDT could become about 3,950. This offers a chance at early-stage growth similar to what DOGE or Bitcoin holders saw years ago.
We’re diversifying with MTAUR as a way to capture high-growth potential while remaining cautious with DOGE. For those interested in pre-launch participation, the official Minotaurus website provides all the details on how to join safely.
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