Dogecoin (DOGE) has experienced a lackluster performance recently, failing to meet bullish expectations. Despite this, investors' unwavering optimism may lead to a turnaround as they look to accumulate more. The Market Value to Realized Value (MVRV) ratio indicates a possible recovery, with a current 30-day MVRV of -13%, signaling potential profitability and buying pressure. Historically, DOGE's MVRV between -8% and -20% has often marked the beginning of recoveries or rallies, creating an opportunity for accumulation. Additionally, the coin's high adoption rate suggests continued investor interest and optimism, despite a slight decline. With a price of $0.124 and aiming to reclaim $0.128 as support, Dogecoin targets $0.142 as the next resistance level. Failure to hold $0.128 could lead to a price decline or consolidation, potentially testing $0.116. It is essential to conduct thorough research and seek professional advice before making any financial decisions. Read more AI-generated news on: https://app.chaingpt.org/news