Dogecoin (DOGE) Bull Run Resumes After Brief Bear Market Scare 🚀
A few weeks ago, the market faced an unexpected downturn that created widespread confusion. During this period, several cryptocurrencies, including Dogecoin (DOGE), saw sharp declines.
DOGE’s price plummeted to $0.083 during the crash. Although the meme coin has since regained value, the question remains: is this recovery here to stay?
According to Santiment, Dogecoin’s recent drop pushed the Market Value to Realized Value (MVRV) Z-Score into negative territory. The MVRV Z-Score measures whether a cryptocurrency is undervalued or overpriced compared to its fair value.
When the score is positive, long-term holders tend to gain more profits than short-term holders, often indicating a bull market. Conversely, a negative score suggests that short-term holders benefit more, signaling a potential bear market.
This pattern last appeared in February. Before that, it occurred in October 2023, when the current bull cycle began, and in June 2022, during a deep bear phase.
However, at the time of writing, the MVRV Z-Score has returned to negative territory, suggesting that Dogecoin may be primed for another bull run.
Additionally, data from IntoTheBlock indicates that the Bulls and Bears indicator aligns with this outlook. In this context, bulls are addresses that purchased at least 1% of the trading volume, while bears are those that sold a similar amount.
Currently, on-chain data shows more bulls than bears. If this trend holds, Dogecoin’s price could see a more substantial increase in the near future.
On the weekly chart, BeInCrypto observed that Dogecoin is on the brink of breaking above the descending triangle. This triangle is generally considered a bearish pattern formed by a falling upper trendline and a horizontal support level.
Typically, if the price of an asset falls below the support level, the trend is bearish. But for DOGE, it appears to be breaking above the 78.6% Fibonacci retracement level.
The 78.6% Fib level indicates prices that could precede another target. From the chart below, DOGE’s price could hit $0.16 in the mid-term (the 61.8% golden pocket ratio). If successfully broken above, the coin price might jump toward $0.22 in the long term.
However, this long-term prediction might be invalidated if the broader market collapses into a bear cycle. If this is the case, Dogecoin’s price could slide to $0.049.
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Dogecoin Price Targets $0.1835, Breaks Social Activity Records
Breakout Alert! Dogecoin (DOGE) Could Soar by 50%, Key Insights
Why Dogecoin Price is About to Go Parabolic
Top Analyst Ignores Dogecoin Price Crash: Sees DOGE Hitting $18
Dogecoin’s price to $1 finally? A re-visit to a 2021 rally could be key!
Can Dogecoin Reach One Dollar Soon?
Dogecoin (DOGE) to $10? Here’s What Experts Are Saying
Dogecoin: Examining if THIS key level can help DOGE hit $0.56
Dogecoin: Why a 90% rally could be on the horizon for DOGE this quarter
Here’s When the Dogecoin Price Will Make Critical Move, Altcoin Rival Triers to Catch Up
Dogecoin Price Flashes Signal From 2021: Will 15,000% History Repeat?
Dogecoin Price Retests $0.22, Breakout Rally To Push Price Beyond $0.3?
Analyst Reveals Why Dogecoin Price Can Rally To $2 And Flip Solana, BNB
Rare Indicator Hints $1 Dogecoin Price Is Inevitable In November?
Dogecoin: From Meme to Mainstream in Retail Payments
Dogecoin Price Analysis: Bull Run Targets $0.50 This November?
How High Will Dogecoin Price Climb This November?
Can Dogecoin Price Reach ATH If It Mirrors Its 2021 Rally?
Can Dogecoin and Bitcoin Reach New Heights?
Dogecoin mirrors Bitcoin: This high correlation means DOGE will now…
Is Dogecoin Dead? Recent Surge Hints at a Major DOGE Price Rally Ahead!
Dogecoin Price Could Double Soon If This One Thing Happens
Dogecoin Aims for 50% Surge as Crucial On-chain Metrics Turn Bullish: Should You Hold DOGE?
Will Dogecoin Price Reach $1 Following Recent Market Gains?
Could Dogecoin be poised for a pullback after a week of gains? Data suggests…
Dogecoin’s MACD crossover hint — Will DOGE rally by 180% again?
Here’s Why Dogecoin Price Is Ready For Next Leg To $1
Dogecoin’s Golden Opportunity: Why Experts Say DOGE Could Soar to New Heights
Is Dogecoin’s price tracing its pattern from 2017 and 2020 again?
Will Dogecoin Surge Past $0.2 Soon?
Dogecoin’s history may repeat itself – Time for DOGE to climb?
Dogecoin Price To Target $0.15 Following $0.105 Bounce
Dogecoin Price Eyes $3 Target Amid Grayscale Listing Speculations
Rekt Capital Predicts Dogecoin Price Momentum
Dogecoin breaks key resistance: Is a surge to $0.150 inevitable?
Will Dogecoin Price Surpass $0.15 By October End?
Dogecoin’s Second Bull Flag: Key to Massive Breakout? DOGE to $0.90?
Is Dogecoin’s recovery coming? Bullish indicators emerge
Dogecoin (DOGE) Set for a 200% Surge: Is History About to Repeat Itself?
Dogecoin (DOGE) Poised For 90% – 180% Surge? Analyst Hinted Towards Key Bullish Indicator
DOG Trending on X As Expert Predicts Its Marketcap To Hit $750 Million
Dogecoin breaks out: Can DOGE reach $1.60 this time?
How High Could Dogecoin Price Go If Elon Musk’s X Uses DOGE Payments?
If This Pattern Holds Dogecoin Price Could Target $0.20; Analysts Predict
Dogecoin (DOGE) Market Analysis: Bulls Target $0.50 After November’s 161% Gain
$4B DOGE Could Be Rescued if Dogecoin Price Hits $0.12, What are the Odds?
Dogecoin (DOGE) Set to Hit New ATH? Key Indicators for the Dogecoin Bull Run, Will Elon Musk Factors Be Considered?
Can We Trust the Upcoming Dogecoin (DOGE) Price Breakout? Will it Sustain above $0.12 or Trap the Bulls Within the Range?
Dogecoin Price: Is a $1 Breakout Coming? Hottest Altcoins for Huge Returns in the Next Bull Run!
Dogecoin Heading Towards the Next Target at $0.6-A New ATH at $1 Is Loading for the DOGE Price Rally
This Dogecoin Price Pattern Will Push DOGE Closer to $1
Dogecoin Gains Momentum with Market Recovery
Dogecoin Price Eyes $1.4 as 1.93M Transactions Signal Renewed Network Activity
Dogecoin Ready for a Big Move: Top Experts Predict 91% Surge to $0.21 Soon?
Breaking down Dogecoin’s bullish trends and resistance challenges
Dogecoin: $5M at stake as bulls eye massive gains!
Dogecoin Price Eyes 45% Bullish Breakout If This Condition Is Met
Dogecoin Eyes 20% Rally, On-chain Data Flashes Bullish Signal
A 100% rally next for Dogecoin’s price? Here are the signs…
Dogecoin’s surge hits snag: What’s next for DOGE?
Crypto Analyst Explains Why Dogecoin Price Will Hit $1
Dogecoin Price Prediction: Bullish Rally Hints A Retest At $0.5?
Dogecoin’s next price target – $0.12 or $0.22?
Dogecoin: 2 reasons why DOGE could remain bullish
Dogecoin breaks $0.13 after BTC boost, but can it avoid a reversal?
Dogecoin rally ahead? Assessing if DOGE can jump 90% to $0.82
Bitcoin vs. Dogecoin: Is DOGE poised to defeat BTC with a 2400% rally?
Dogecoin Prepares for Bullish Comeback as NVT Ratio Shows Promise: What’s Next for DOGE Price?
Dogecoin Price Prediction: Can DOGE Regain $0.20 This September? 2 Better Alternative Cryptos to Buy Now
Dogecoin – Exploring why DOGE’s price may see more upside soon
Dogecoin Price Hits $0.1, Will Elon Musk’s Backing Push DOGE To $1?
Here’s What Needs to Happen for Dogecoin Price to hit $3: Analyst Explains
DOGE Price Eyes Triangle Breakout: Can It Surpass $0.50?
Dogecoin to $10? Analyst projects 23x rally based on historical trends
Dogecoin (DOGE) Price Aims for $0.15 as Whale Activity Drives Surge
When Bitcoin breaks out, expect THIS from Dogecoin’s price action!
Dogecoin Price ‘Looks So Ready’ As Analyst Foresees A 5,200% Upside
Dogecoin Price Breakout Could Start Second Phase of Bull Run
Dogecoin (DOGE) Price Poised for Bullish Breakout as Memecoin Mania Hits New Peaks
Analysts Anticipate Dogecoin’s Potential Rise
Dogecoin (DOGE) Price: Shows Strength at $0.42 Level Following Market Recovery
Dogecoin Poised for 20% Price Rally, Key Metrics Confirm
Dogecoin Price Reclaims $0.1 Mark! Can DOGE Price Retest $0.155?
Will Dogecoin Soar Above $10 As Famous Bullish Pattern Re-Emerges
Dogecoin’s latest ‘hike’ – Identifying the odds of a real price rally next
Can Dogecoin break through THIS barrier to hit $1?
Dogecoin rises 8%, nears $0.12: Good news for the next altcoin season?
Dogecoin (DOGE) Price: Consolidates Near $0.44 as Trading Volume Rises
What Needs to Happen for DOGE Price to Hit $1?
Analyst Reveals What Next For Dogecoin Price As DOGE Turns 11
Could Dogecoin (DOGE) Possibly Reach $0.37 by Month-End Amid Growing Retail Interest?
Dogecoin Price Poised for $0.15 Surge Amid Network Growth and Bitcoin Correlation
Dogecoin’s Breakout Above $0.32 Suggests Potential for Further Upside Momentum in the Crypto Market
Could Dogecoin (DOGE) Be Setting the Stage for a Potential Bull Run After Recent Price Rebound?
Dogecoin’s Bullish Momentum Suggests Potential Climb Toward $1 Amid Targeted Consolidation Against Bitcoin
Could Dogecoin’s Recent Bullish Reversal Signal a Potential Rally Above $0.10?
Could Dogecoin (DOGE) Be On the Brink of a 200% Surge? Insights on Recent Breakout Patterns
Dogecoin Indicates Potential Ascendancy Towards $0.66 Amid Increased Trading Activity and Bullish Sentiment
Exploring Potential Upside: Could Dogecoin (DOGE) Be Setting the Stage for a Significant Rally?
Dogecoin Shows Signs of Historical Trend Repetition: What Investors Should Consider
Could Dogecoin (DOGE) Be Poised to Approach the $1 Mark Amidst a Bullish Market?
Dogecoin Poised for Breakout Amid Whale Accumulation and RSI Surge: Eyes on $0.11 Resistance
Dogecoin Price Surge Possibilities: Analysts Suggest Over 1,000% Increase Amid Market Activity and ETP Launch
Could Dogecoin (DOGE) Approach $10? Expert Insights and Potential Price Levels Ahead
Dogecoin’s Potential Path to $0.50: Analyzing Trends and Indicators for a Possible Uptrend
Potential Signs of a Dogecoin (DOGE) Bull Run as Uptober Approaches
Could Dogecoin (DOGE) Be Poised for a Comeback This Uptober Amid Market Volatility?
Can Dogecoin (DOGE) Break Its All-Time High? Analyzing Recent Trends and Future Potential
Dogecoin (DOGE) Poised for Bullish Breakout: Can Elon Musk’s Influence Ignite a Price Surge?
Large Dogecoin Transactions Spark Possibilities for Price Surge Amid Analyst’s Bullish Pattern Insights
Dogecoin (DOGE) Bullish Divergence Signals Potential Price Rebound Ahead
Could Dogecoin (DOGE) Be Poised for a Bullish Turn Amid Rising Social Activity and Market Sentiment?