#ReboundRally

Dogecoin (DOGE)

Dogecoin, the original meme coin, has shot up 350% in the past two months and shows promise of a further increase. With the 30-day MVRV dipping down to -22%, the opportunity, it shows that the short-term holders are capitulating. This is an area where price has previously formed bottoms, leading to a reversal. Furthermore, long-term holders tend to accumulate DOGE from capitulating long-term holders, adding credence to the bottom formation.