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‘Dead Meme’ or Major Opportunity? DOGE Is Flashing The Same Signal That Preceded Its Biggest Rallies


‘Dead Meme’ or Major Opportunity? DOGE Is Flashing The Same Signal That Preceded Its Biggest Rallies

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Dogecoin (DOGE) suffered a fresh decline of over 5% on Wednesday amid continued selling pressure. However, the OG meme coin is trading at a level that has historically served as an accumulation zone, as flagged by a largely overlooked setup based on its CVDD (Cumulative Value Days Destroyed) Channel model.

According to Alphractal, the CVDD Channel is a thermodynamic floor model that estimates an asset’s structural cost basis by weighting each on-chain coin movement according to both its value and the number of days since it last moved. Historically, Dogecoin’s price approaching the lower CVDD bands has coincided with the deepest long-term accumulation zones, while touches of the upper Alpha CVDD band have aligned with every major DOGE market top over the past decade.

Read the article at CryptoPotato

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Dogecoin trades at the lower band of the CVDD channel, a long-term accumulation zone.
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