Flow

Dogecoin

MN Coin

<ul> 
 <li style="font-weight: 400;">DOGE has failed to rally amid the recent surge in BONK’s price.</li> 
 <li style="font-weight: 400;">Despite the decline, many Dogecoin holders remain in profit.</li> 
</ul> 
Leading meme coin <a href="https://ambcrypto.com/search/doge" target="_blank" rel="noopener" data-wpel-link="internal">Dogecoin [DOGE]</a> has seen a decline in its value, while the value of Solana-based dog-themed coin <a href="https://ambcrypto.com/search/doge" target="_blank" rel="noopener" data-wpel-link="internal">BONK</a> has risen by over 100% in the past few days. 
At press time, DOGE exchanged hands at $0.09395, logging a 3% price decline in the last 24 hours. The coin’s price has dropped by almost 10% in the last week. 
On the other hand, BONK’s price has risen by over 70% in the last seven days. In fact, among the top five leading meme coins, it is the only asset that has witnessed a price rally in the last week, according to data from <a href="https://coinmarketcap.com/view/memes/" target="_blank" rel="noopener nofollow external noreferrer" data-wpel-link="external">CoinMarketCap</a>. 
<div id="attachment_359066" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://statics.ambcrypto.com/wp-content/uploads/2023/12/Screenshot-2023-12-16-at-07.49.05.png" data-wpel-link="internal"><img aria-describedby="caption-attachment-359066" decoding="async" class="wp-image-359066 size-full" src="https://statics.ambcrypto.com/wp-content/uploads/2023/12/Screenshot-2023-12-16-at-07.49.05.png" alt="" width="1910" height="794" srcset="https://statics.ambcrypto.com/wp-content/uploads/2023/12/Screenshot-2023-12-16-at-07.49.05.png 1910w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Screenshot-2023-12-16-at-07.49.05-300x125.png 300w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Screenshot-2023-12-16-at-07.49.05-1024x426.png 1024w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Screenshot-2023-12-16-at-07.49.05-768x319.png 768w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Screenshot-2023-12-16-at-07.49.05-1536x639.png 1536w" sizes="(max-width: 1910px) 100vw, 1910px"></a>
 Source: CoinMarketCap
</div> 
BONK’s recent rally has been propelled by its <a href="https://ambcrypto.com/what-bonks-latest-listing-means-for-its-price-prediction/" target="_blank" rel="noopener" data-wpel-link="internal">listing</a> on crypto exchanges such as KuCoin, Coinbase, and Binance.&nbsp; 
<h4>DOGE has failed to bark in the past few days</h4> 
AMBCrypto assessed the coin’s price movements on a daily chart and found that it initiated a new bear cycle on 12th December. This was when its MACD intersected its trend line in a downtrend. 
When an asset’s MACD line crosses below its trend line, many traders view it as a signal to&nbsp;consider selling or taking a more cautious approach. 
This is because the movement signals a potential shift in momentum, which often results in a downward movement in the asset’s price. 
Since the MACD crossover occurred, DOGE’s value has plummeted by 3%. 
Also, its Chaikin Money Flow (CMF) has since trended downward. Although it remained above the zero line at press time, a steady decline in an asset’s CMF signals the gradual exit of liquidity from the market. 
When market liquidity craters, an asset’s value decline often follows. 
<div id="attachment_359069" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://statics.ambcrypto.com/wp-content/uploads/2023/12/DOGEUSDT_2023-12-16_08-17-26.png" data-wpel-link="internal"><img aria-describedby="caption-attachment-359069" decoding="async" class="wp-image-359069 size-full" src="https://statics.ambcrypto.com/wp-content/uploads/2023/12/DOGEUSDT_2023-12-16_08-17-26.png" alt="" width="2368" height="1302" srcset="https://statics.ambcrypto.com/wp-content/uploads/2023/12/DOGEUSDT_2023-12-16_08-17-26.png 2368w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/DOGEUSDT_2023-12-16_08-17-26-300x165.png 300w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/DOGEUSDT_2023-12-16_08-17-26-1024x563.png 1024w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/DOGEUSDT_2023-12-16_08-17-26-768x422.png 768w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/DOGEUSDT_2023-12-16_08-17-26-1536x845.png 1536w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/DOGEUSDT_2023-12-16_08-17-26-2048x1126.png 2048w" sizes="(max-width: 2368px) 100vw, 2368px"></a>
 Source: DOGE/USDT on TradingView
</div> 
<h4>Most DOGE holders remain in profit</h4> 
Interestingly, despite the recent decline in DOGE’s value and the low demand for the meme coin, many of its holders continue to hold at a profit, as readings from its Market Value to Realized Value (MVRV) ratio show. 
Is your portfolio green? Check the&nbsp;<a href="https://ambcrypto.com/calculator/dogecoin-profit-calculator" target="_blank" rel="noopener" data-wpel-link="internal">DOGE Profit Calculator</a> 
At press time, DOGE’s MVRV ratio was 8.29%. This meant that if all investors sold their holdings at the coin’s current market value of $0.0939, they would be guaranteed at least an 8% profit. 
Data from <a href="https://app.santiment.net/charts/oDQ16PAV__sCl" target="_blank" rel="noopener nofollow external noreferrer" data-wpel-link="external">Santiment</a> showed that 78% of the coin’s total supply remains in profit.&nbsp; 
<div id="attachment_359070" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://statics.ambcrypto.com/wp-content/uploads/2023/12/Dogecoin-DOGE-08.18.21-16-Dec-2023.png" data-wpel-link="internal"><img aria-describedby="caption-attachment-359070" decoding="async" class="wp-image-359070 size-full" src="https://statics.ambcrypto.com/wp-content/uploads/2023/12/Dogecoin-DOGE-08.18.21-16-Dec-2023.png" alt="" width="2560" height="867" srcset="https://statics.ambcrypto.com/wp-content/uploads/2023/12/Dogecoin-DOGE-08.18.21-16-Dec-2023.png 2560w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Dogecoin-DOGE-08.18.21-16-Dec-2023-300x102.png 300w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Dogecoin-DOGE-08.18.21-16-Dec-2023-1024x347.png 1024w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Dogecoin-DOGE-08.18.21-16-Dec-2023-768x260.png 768w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Dogecoin-DOGE-08.18.21-16-Dec-2023-1536x520.png 1536w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Dogecoin-DOGE-08.18.21-16-Dec-2023-2048x693.png 2048w" sizes="(max-width: 2560px) 100vw, 2560px"></a>
 Source: Santiment
</div> 
&nbsp;

Dogecoin prices dip as BONK climbs – What about DOGE predictions?

AMBCrypto

Other articles published on Dec 16, 2023

Tether takes an unconventional approach with US market regulators

SEC's Stance on Bitcoin ETF Creation Sparks Tax Efficiency Debate

Sam Altman Says WorldCoin (WLD) ‘More Important’ In AI World

Arbitrum Network Faces Major Outage, ARB Token Faces 4% Decline

Polygon (MATIC) Price Faces Crucial Turning Point That Could Trigger 50% Rally, Analyst Says

Kenaikan Pesat Altcoin Injective dan Fetch.Ai, Presale Pullix Capai US$134.400

Join our free newsletter for daily crypto updates!