Dogecoin Faces Downside Risk as Market Value Falls Below Realized Value

隨著市場價值低於實現價值，Dogecoin面臨下行風險

The Market Value to Realized Value (MVRV) Ratio for Dogecoin (DOGE) has dipped below its 200-day moving average, signaling a bearish trend. Historically, this has led to significant price declines for DOGE:

Dogecoin（Doge）（Doge）的實現價值（MVRV）的市場價值降至其200天移動平均線以下，這表明看跌趨勢。從歷史上看，這導致了Doge的大幅下降：

• Fall 2023: 26% drop
• Summer 2024: 44% drop

The MVRV Ratio indicates that many holders are in a losing position, increasing selling pressure. Bollinger Bands suggest a potential 20% decline from current levels, bringing DOGE to a critical support zone around $0.219.

2023年秋季：26％的Dropsummer 2024：44％Dropthe MVRV比率表明許多持有人處於損失的位置，增加了銷售壓力。 Bollinger樂隊表明，​​目前的水平有可能下降20％，將Doge帶到了0.219美元左右的關鍵支持區。

Market Dynamics Affect DOGE

市場動態影響道路

The broader market plays a significant role in DOGE's price action. With Bitcoin struggling to reach six figures and altcoins experiencing volatility, it's difficult to be optimistic about DOGE's short-term prospects.

更廣泛的市場在Doge的價格行動中起著重要作用。由於比特幣努力達到六位數和山寨幣的波動性，因此很難對Doge的短期前景感到樂觀。

Dogecoin ETF Anticipation

Dogecoin ETF期望

The proposed Dogecoin ETF could potentially bring positivity. The theory suggests that once approved, funds will flow from Bitcoin ETFs to DOGE ETFs.

擬議的狗狗ETF可能會帶來積極性。該理論表明，一旦獲得批准，資金將從比特幣ETF流向Doge ETF。

Note: Original article from U.Today has been filtered to remove CSS, JavaScript, and advertising content.

注意：U.Today的原始文章已被過濾以刪除CSS，JavaScript和廣告內容。