Vlad Anderson

Since October 2023, $DOGE has been grinding higher, and now it's dancing right on the 61.8% Fib retracement level ($0.13) — a classic support zone with serious bounce history. 📈

Yes, price just dipped ~5% in 24h, but the macro structure is holding strong. DOGE is flirting with the edge of a falling pennant — and that’s historically a bullish reversal setup. 📊 If the price pops above this pattern, $0.20 and even $0.30 could be in play.

BUT... not everything’s moon-ready yet. 🚫

🔍 User activity? Still sluggish.

- 42k daily active addresses

- Just 20k transactions

That’s not ideal for sustaining a rally. We need real demand to match the chart setup.

However, some on-chain sparks:

💡 MVRV Ratio = 1.47% → Most holders are near breakeven → Low sell pressure

💎 Stock-to-Flow just surged to 69 → Signals rising scarcity → Potential smart money accumulation?

📌 TL;DR:

DOGE is at a key pivot. If $0.13 holds and buyers step in, this could be the base for the next leg up. Keep eyes on volume, MVRV, and that S2F.

📊 WhiteBIT Chart: DOGE/USDT (1D)