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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.
The post first appeared on COINTURK NEWS: Dogecoin Price Trends and Market Indicators
,您还可以在 COINTURK NEWS 上阅读此新闻:狗狗币价格趋势和市场指标受 2021 年流行的互联网迷因的启发,狗狗币最近价格出现明显上涨。不过,专家警告投资者,这种上涨并不意味着长达一个月的上涨趋势。抑制这种热情的一个因素是狗狗币目前的低波动性。价格波动在整个加密货币市场中很常见,但 DOGE 的波动性已降至过去 30 天内的最低水平。这个稳定时期表明,最近的价格上涨可能不会转变为持久的上涨趋势。狗狗币网络活动:冷漠还是积累?像狗狗币这样的模因币通常依赖于波动性。当前的停滞可能是一段积极的价格稳定时期的代名词。然而,这种情况触发过去爆炸性反弹的可能性很低。狗狗币的网络显示用户活动较低,目前约有 52,000 个活跃地址。这个数字明显低于 2024 年 3 月价格上涨至 0.22 美元时的水平。从历史上看,狗狗币用户活动的增加往往是价格上涨的先兆。然而,当前的低位表明要么是一段不感兴趣的时期,要么可能是投资者在等待合适的时机吸纳。 DOGE 价格陷入区间 近期,DOGE 进入盘整过程,在 0.14 美元至 0.16 美元之间波动。这种停滞可能会引起短期投资者的不耐烦,但这实际上可能是不同发展的迹象。通常,盘整期是重大价格变动的前兆。它们并不能明确预测未来的波动性,但表明价格已在一定水平找到支撑,并可能正在为跳跃做准备。一线希望:MVRV Z 得分表明狗狗币的潜力MVRV Z 得分,表明狗狗币可能会被低估,为未来提供了一个有希望的迹象。该指标将加密货币当前的市场价值与其过去的表现进行比较。低于某个阈值的分数表明该加密货币的价值可能较低,并且存在增长空间。当前数据显示,对狗狗币的价格采取谨慎的态度是合适的。虽然预计近期不会出现价格大幅上涨,但基本面指标显示出增长潜力。低波动性和增加的用户活动分别是积累和整合的迹象,这可能是未来价格上涨的先兆。该帖子首先出现在 COINTURK 新闻上:狗狗币价格趋势和市场指标