Dogecoin Stalls at $0.10 as Musk's Activity Sparks Chatter
Dogecoin's price has repeatedly flirted with the $0.10 mark over the past week, but each time it has fallen short.
The token has reached ten cents on at least three occasions since September 21, only to retreat below the level.
This development comes as Elon Musk, a well-known supporter of Dogecoin, has once again stirred up crypto chatter with his recent posts.
Musk's latest activity includes a post that included the DOGE tag, which some in the community took as a sign that he is still interested in the token.
However, it's worth noting that Musk did not explicitly state any intentions or predictions about Dogecoin's price or future.
The on-chain picture suggests that there may be room for a recovery, with the 365-day MVRV standing at -19.26%, indicating that typical traders are holding onto losses.