🚨 $DOGE Watch: $0.20 Breakout in Sight? 🚀

Dogecoin 🐶 is showing serious strength as it eyes a monthly close above the key $0.20 level — a psychological barrier not seen in a while. At ~$0.1813, DOGE is gaining momentum 📈 even if network activity stays relatively calm.

Here’s what I’m watching 👇

🔹 Bullish price structure is stronger vs. recent months

🔹 MVRV at 27.25% = holders in profit, but not overheated (no FOMO sell-off signs yet)

🔹 Stock-to-Flow ratio spikes to 64 = rising scarcity 🧂

🔹 Derivatives market leaning long: 71.33% long on Binance = bullish sentiment, but 🧠 watch for sudden shifts

Yes, on-chain metrics like daily active addresses (62k) and tx count (61k) are still lower than 2024 highs, meaning retail hasn’t fully returned yet.

But this might actually be a good thing… 👀

No overcrowded trade = more room to run.

📌 If DOGE nails this monthly close > $0.20, we could be looking at a setup that eventually aims for the $0.74 ATH zone.

Let the memes fly — but the data is what really barks here. 🐕💥