Investors might profit on Dogecoin's recent lag with a 50% surge

DOGE's price trends resemble BTC, ETH, and SOL despite its meme status.

More popular meme currencies may be distracting from DOGE.

DOGE on-chain metrics and technical indicators predict a rise.

Dogecoin (DOGE) is up 1% on Tuesday after a recent research showed it follows Bitcoin, Ethereum, and Solana's price trends. DOGE's volatility has decreased, but the meme currency might resume its strong fluctuations with a 41% rise.

DOGE's pricing is less volatile than before.
In recent months, DOGE's price performance has mirrored that of BTC, ETH, and SOL, which have higher market capitalization and important use cases.

Given its meme currency status, DOGE should have more volatility than these assets, but it hasn't in this cycle. DOGE has had lesser volatility than in 2020/2021, when prices spiked.

This may be due to the popularity of recent large-cap meme currencies like PEPE, WIF, BONK, BRETT, etc. DOGE may now be seen as the "BTC" of meme currencies, which investors retain for the long term rather than speculate on.

The bigger market cap of DOGE makes it less susceptible to retail speculators.

Should you buy DOGE now?

On the other hand, these meme coins may have distracted investors from DOGE.

Santiment Weighted Sentiment balances an asset's social volume and investor sentiment. It surges when social volume surrounding an asset is high and the messages are favorable. When volume is strong but sentiment is negative, it drops. With strong social traffic and mixed emotion, it remains around 0. Low volume keeps it around 0.

DOGE's weighted sentiment has been below 0 for three months and is at -0.247, reflecting investor disinterest.

When the weighted sentiment number drops below zero, prices frequently recover, making this a buy opportunity.

DOGE's 30-day MVRV ratio is low despite its recent climb. Thus, DOGE may rebound in the next days.

DOGE entered a critical price area and may try to finish the upward. This will boost DOGE 41% to $0.175.

#DOGE #Memecoins $DOGE