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Inspired by internet memes that became a phenomenon in 2021, Dogecoin has seen a noticeable price increase recently. However, experts warn investors that this rise is not a sign of a month-long upward trend. A factor dampening this enthusiasm is Dogecoin’s current low volatility. Price fluctuations are common across the cryptocurrency market, but DOGE’s volatility has dropped to the lowest level in the last 30 days. This stable period suggests that the recent price increase may not turn into a lasting upward trend.
Dogecoin Network Activity: Indifference or Accumulation?
Meme coins like Dogecoin typically rely on volatility. The current stagnation could be synonymous with a period of positive price stability. However, the likelihood of this situation triggering past explosive rallies is low.

Dogecoin’s network shows low user activity, with about 52,000 active addresses currently. This number is significantly lower than the level when the price rose to $0.22 in March 2024.
Historically, increases in Dogecoin’s user activity have often been a precursor to price increases. However, the current low level indicates either a period of disinterest or possibly investors waiting for the right time to accumulate.
DOGE Price Stuck in a Range
Recently, DOGE has entered a consolidation process, fluctuating between $0.14 and $0.16. This stagnation may cause impatience among short-term investors, but it could actually be a sign of a different development.
Typically, consolidation periods are precursors to major price movements. They do not definitively predict future volatility but indicate that the price has found support at a certain level and may be preparing for a jump.
A Glimmer of Hope: MVRV Z-Score Points to Dogecoin’s Potential
The MVRV Z-Score, indicating that Dogecoin might be undervalued, offers a promising sign for the future. This metric compares a cryptocurrency’s current market value to its past performance. A score below a certain threshold suggests that the cryptocurrency’s value might be low and that there is room for growth.
Current data shows that a cautious approach is appropriate for Dogecoin’s price. While a major price explosion is not expected in the near future, fundamental indicators show potential for growth. Low volatility and increased user activity are signs of accumulation and consolidation, respectively, which could be precursors to a future price increase.
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,您也可以在 COINTURK NEWS 上閱讀此新聞：狗狗幣價格趨勢和市場指標受 2021 年流行的互聯網迷因的啟發，狗狗幣最近價格出現明顯上漲。不過，專家警告投資者，這種上漲並不代表長達一個月的上漲趨勢。抑制這種熱情的一個因素是狗狗幣目前的低波動性。價格波動在整個加密貨幣市場中很常見，但 DOGE 的波動性已降至過去 30 天內的最低水準。這個穩定時期表明，最近的價格上漲可能不會轉變為持久的上漲趨勢。當前的停滯可能是一段積極的價格穩定時期的代名詞。然而，這種情況觸發過去爆炸性反彈的可能性很低。這個數字明顯低於 2024 年 3 月價格上漲至 0.22 美元時的水平。然而，當前的低位表明要么是一段不感興趣的時期，要么可能是投資者在等待合適的時機吸收。這種停滯可能會引起短期投資者的不耐煩，但這實際上可能是不同發展的跡象。它們並不能明確預測未來的波動性，但表明價格已在一定水平找到支撐，並可能正在為跳躍做準備。被低估，為未來提供了一個有希望的跡象。此指標將加密貨幣當前的市場價值與其過去的表現進行比較。低於某個門檻的分數表示該加密貨幣的價值可能較低，並且存在成長空間。雖然預計近期不會出現價格大幅上漲，但基本面指標顯示出成長潛力。低波動性和增加的用戶活動分別是累積和整合的跡象，這可能是未來價格上漲的先兆。