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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

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