Market Value to Realized Value ratio (MVRV)
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Are Dogecoin Holders Looking to Buy More After 16% Crash?
Yahoo Finance· 2026-02-01 19:30
Group 1 - Dogecoin price experienced a significant decline of 16% over four days, briefly breaking key psychological levels, which raised concerns among short-term holders [1] - Despite the drop unsettling some investors, historical patterns suggest that such pullbacks may create favorable accumulation zones for Dogecoin [1][5] - On-chain data indicates that Dogecoin holders reacted quickly to the price weakness, with rising accumulation during the sell-off, suggesting that investors viewed the decline as an opportunity [2] Group 2 - The Market Value to Realized Value (MVRV) ratio for Dogecoin has entered an opportunity zone, currently sitting between -17% and -25%, indicating unrealized losses across the network [4] - Historically, Dogecoin has rebounded when the MVRV moves into this zone, as loss saturation limits further selling and encourages accumulation [5] - As of the latest data, Dogecoin is trading near $0.105 after a four-day decline, with a brief drop to $0.094 marking the lowest level in recent weeks [6] Group 3 - Dip buying activity helped stabilize Dogecoin's price, allowing it to reclaim the $0.100 level, which is critical for short-term recovery [7] - A breakout above $0.110 could strengthen momentum and push the price towards $0.117, recovering part of the recent losses [7] - However, if the price fails to hold above $0.100, it may face renewed pressure, potentially revisiting $0.094 or lower, which would invalidate the bullish outlook [8]