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Search results for MVRV

Crypto

Dogecoin rebound? Resistance level to watch for reclaiming $0.10

Dogecoin long-term holders have recently moved into loss territory, putting the possibility of a short-term rebound back in focus. On-chain analytics firm Santiment said Dogecoin’s 365-day MVRV fell to about 0.74, suggesting holders are deeply underwater. Markets are watching whether Dogecoin can build short-term support, with a potential move to $0.10 discussed if it breaks resistance at $0.087-$0.088 where key moving averages sit.

Crypto

XRP rebound signal emerges, but exchange supply overhang rises

XRP’s 365-day market value to realised value (MVRV) ratio has fallen below 1, signalling a potential bottom, but a large amount of tokens sitting on exchanges could limit any near-term recovery, an analysis showed. The ratio slipped to about 0.92 as XRP traded near $1.33. That implies holders who bought within the past year are, on average, in an 8 percent loss zone. Exchange-held supply worth $15.7 billion and leverage risks were cited as headwinds.