$DOGE quick research note, not a hype thread.
Dogecoin is being priced like a narrative reset, not just a candle trade.
Price: $0.0729
Market cap: $11.33B
Rank: #11
FDV: $0.0000
7d / 30d: -1.2% / -12.3%
The part I care about:
Circulating ratio is about 90.8%, so supply pressure belongs in the valuation debate.
Daily trend: Neutral/Consolidating ↔️
RSI: 40.9
Support: $0.0700
Resistance: $0.0800
My read: if $DOGE reclaims resistance, the market starts paying for the story again. Lose support, and I would rather wait than be early. NFA.
Is $DOGE undervalued here, or just another bounce trap?
Dogecoin is being priced like a narrative reset, not just a candle trade.
Price: $0.0729
Market cap: $11.33B
Rank: #11
FDV: $0.0000
7d / 30d: -1.2% / -12.3%
The part I care about:
Circulating ratio is about 90.8%, so supply pressure belongs in the valuation debate.
Daily trend: Neutral/Consolidating ↔️
RSI: 40.9
Support: $0.0700
Resistance: $0.0800
My read: if $DOGE reclaims resistance, the market starts paying for the story again. Lose support, and I would rather wait than be early. NFA.
Is $DOGE undervalued here, or just another bounce trap?