Crypto
Dogecoin Stuck Below $0.10 as MVRV Ratio Remains Negative
Dogecoin has been struggling to surpass the $0.10 price level.
The cryptocurrency's recent attempts to break above this threshold have been unsuccessful, with prices fluctuating around $0.10 in the past few days.
In fact, Elon Musk's tweet mentioning DOGE at the $0.10 price point has drawn renewed attention to the asset.
A look at Dogecoin's 365-day Moving Average Value to Revenue (MVRV) ratio shows that it remains in negative territory, with a -19.26% reading.