$DOGE 🚀 Is Dogecoin (DOGE) Gearing Up for a Major Breakout? Key Insights! 📊

Dogecoin’s MVRV Z-Score (a key on-chain metric) is at 0.28—a level typically seen during market bottoms, not tops. Yet, DOGE price keeps rising, now near $0.17 with a $26B market cap! 📈

Why This "Bearish" Signal Could Be Bullish

Crypto analyst @Kev_Capital_TA notes that while DOGE’s MVRV suggests undervaluation, its price action remains strong. In past cycles, DOGE’s Z-Score hit 11 (2017) and 16 (2021) before major corrections—but this cycle’s peak is only 3.5, meaning $DOGE may still have room to run! 🚀

What’s Holding DOGE Back?

The biggest hurdle? Global monetary policy.

- The U.S. Fed is keeping rates high, though rate cuts may start by September.

- Quantitative Tightening (QT) continues, reducing market liquidity.

- The ECB has cut rates but remains cautious about stimulus measures.

When Could DOGE Surge?

Historically, $DOGE rallies hard when the MVRV Z-Score breaks above +1 (exiting the "winter zone"). Right now, we’re still in that range—meaning long-term holders aren’t yet in profit, keeping hype low.

The Bottom Line

Once central banks ease policies (likely late 2025/early 2026), altcoins like DOGE could see explosive growth. Until then, this steady climb may be setting the stage for a future bull run!

🔍 Watch Fed & ECB moves—DOGE’s next big move depends on macro trends!

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