Dogecoin holders accumulate as price drops 16%; $0.100 support holds

On-chain data shows Dogecoin holders accumulated as the meme coin tumbled 16% over four days, signaling confidence during short-term market weakness.

Exchange net position change indicated rising accumulation during the sell-off, with buying pressure overtaking selling as DOGE dipped below recent averages—suggesting investors treated the drop as an opportunity rather than a signal to exit.

Macro indicators supported the thesis: Dogecoin’s Market Value to Realized Value (MVRV) entered the so-called opportunity zone, now sitting between −17% and −25%, a range that historically aligns with accumulation phases and limits further selling.

DOGE was trading near $0.105 at the time of writing after briefly falling to an intraday low of $0.094; dip buying helped it reclaim the $0.100 support. A move above $0.110 would strengthen momentum and could push the price toward $0.117.

Downside risks remain: failure to hold $0.100 could expose DOGE to renewed pressure toward $0.094 or lower and would challenge the bullish outlook. This price analysis is for informational purposes only and should not be considered financial or investment advice.

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