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DOGE DOGE shows a rare on-chain valuation model, with prices hovering around US$0.07.
DOGE is showing a remarkable pattern, with prices hovering around US$0.07, and a rare on-chain valuation model that usually occurs during the bearish phase has emerged. Market data shows that DOGE's current trading price is US$0.06990, with a 24-hour trading volume of approximately US$255.58 million, and a market value of approximately US$11.95 billion. In the past 24 hours, prices have dropped by about 0.14%.
CVDD channel signal suggests potential reversal
Alphractal founder and CEO Joao Wedson emphasized that CVDD channel analysis shows that DOGE has hit one of the rarest valuations in history. The CVDD (Destroyed Coin Days) channel serves as an on-chain valuation indicator that gives higher weight to coins transferred after a long period of dormancy, which usually implies changes in market sentiment.
Wedson pointed out that DOGE is still above the lower bound of its CVDD channel, a level that has predicted significant price rebounds many times in history. On many occasions in the past, when DOGE prices have approached or briefly fallen below this threshold, there has been a strong upward trend in subsequent months.
DOGE prices are now close to the support level of the CVDD channel again, which has attracted the attention of those who track long-term market cycles. Although previous interactions with this indicator have shown a clear recovery, this does not guarantee an immediate bottom out.
Despite its historical significance, Wedson advised caution and pointed out that a continued bearish trend in the broader cryptocurrency market could push Dogecoin below current levels.
Short-term Resistance and Support
On the short-term technical chart, DOGE has been within a narrow range. The current price is slightly lower than the middle track of the Bollinger Band (US$0.06999). The upper track of the Bollinger Band is approximately US$0.07127 and the lower track is approximately US$0.06871. A break above US$0.07127 may strengthen the argument for bullish reversal; while a break below US$0.06871 may increase downside risks.
Traders are also focusing on the MACD indicator, which is currently having mixed signals. The MACD line is approximately-0.00074 and the signal line is approximately-0.00096. The bar chart recently turned positive slightly to 0.00022, indicating that selling pressure is weakening, but a clear break through the zero axis is needed to form clearer bullish momentum.
Whether the current CVDD pattern will trigger a reversal or only serve as short-term support will depend on whether DOGE can hold on US$0.06871 and break through US$0.07127, thus providing the possibility of a new round of strong rebound.
Market background and new asset trends
If DOGE successfully holds the US$0.06871 support and breaks through the US$0.07127 resistance, it may accumulate momentum for a broader recovery. Conversely, a break below $0.06871 would imply further downside risks and indicate signs of weakness in the market as it completes the current adjustment. Although historical CVDD patterns provide some reasons for optimism, a sustained rebound is not certain given the current bearish sentiment.
As technical forms such as contraction triangles and oscillating indicators become increasingly important to market participants, broader changes are reshaping the landscape. Traditional financial markets have long relied on complex brokerage systems, and Wall Street's migration to Web3 technology is accelerating. Investors are increasingly turning to solutions such as 1stepSwap, which allows them to hold tokenized versions of stocks of major U.S. companies, gold and silver in their crypto wallets. 1stepSwap's system automatically locates the best market prices in real time, eliminating the need for intermediaries and opening up new opportunities in the rapidly growing real-world asset (RWA) space.
