Dogecoin’s 365-day MVRV, close to 0.74 according to Santiment, indicates that recent buyers are sitting on average losses, a level that can signal an exhaustion of selling pressure. At the time of writing, DOGE was up 3.38% over 24 hours at $0.0819 after reaching an intraday high of $0.082, following the broader crypto market rebound. Traders are looking for support to hold and are targeting a move toward $0.10, which will require clearing resistance at $0.087 and $0.088, corresponding to the 200-day and 50-day daily moving averages. Dogecoin Labs was also formed with the Dogecoin Foundation to expand DOGE’s utility in payments, commerce, decentralized finance and gaming, while Bitwise’s Dogecoin ETF is about to close.
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