Elon Musk reappears on crypto timeline; Dogecoin (DOGE) enters "strong buy zone" with 365-day MVRV at -19.26% and $23.2M whale transfer to Binance
Following Elon Musk's recent return to the crypto news feeds, Dogecoin (DOGE) has entered a rare deep discount zone. Santiment Intelligence data shows DOGE's 365-day MVRV ratio at -19.26%, indicating most one-year holders are at unrealized losses and less likely to sell. This level is historically classified as a "strong buy zone" due to reduced selling pressure. Meanwhile, Whale Alert reported a transfer of 250 million DOGE (approximately $23.2 million) from an unknown wallet to Binance. While such inflows are often seen as profit-taking, DOGE's recent resilience suggests it might be an internal liquidity redistribution. Historically, September closes with an average +12.5% return (this month up 14% so far), and Q4 typically sees strong performance with average returns of +15.5% in November and +18.9% in December, positioning Musk's renewed presence as a potential catalyst for a year-en
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Source:U.Today · Source Link
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