Dogecoin Drop: Can DOGE Recover After 95%?

Dogecoin fell: Can DOGE recover after 95%? Dogecoin's network activity has dropped by 95%, and its price is struggling to maintain upward momentum. The decrease in transaction volume, MVRV ratio, and negative sentiment towards DOGE indicate limited recovery potential.

Dogecoin ( has witnessed a significant 95% network activity decline, with active addresses dropping from 2.66 million in November 2024 to just 130,282 at the current time.

The price of Dogecoin is currently at $0.2101, up slightly by 2.42% in the last 24 hours. This downward trend may indicate that Dogecoin is facing challenges in maintaining growth momentum amid common market challenges.

What does the price action reveal about the future of Dogecoin?

According to analysis from TinTucBitcoin, the price of Dogecoin has maintained a downward trend within a symmetrical triangle after reaching a peak of 0.41796 USD.

The price is currently hovering around 0.2101 USD, with support at around 0.17594 USD.

However, there are significant resistance levels that may impact future movements, which are 0.27155 USD and 0.31413 USD.

If DOGE does not hold steady above the $0.2100 level, it may have to face further losses. In addition, the RSI indicator is trending downwards, indicating continued selling pressure.

Therefore, Dogecoin may have difficulty exiting the downtrend if there is no major change in market sentiment.

![DOGE price action ])https://img.gateio.im/social/moments-b355c174e7fc8705b486170561c22811 "Dogecoin sụt giảm: DOGE có thể phục hồi sau 95%? - Tin Tức Bitcoin - Cập Nhật Tin Tức Coin Mới Nhất 24/7 2025"[DOGE] Source: TradingView

The decrease in the number of transactions indicates...

The data on the number of DOGE transactions shows a continuous downward trend in daily transactions since reaching its peak at the end of 2024.

Despite the occasional spikes, trading volumes have dropped significantly, signaling a decline in Dogecoin's network activity.

This trend shows that DOGE's user count is declining, an important indicator of its long-term health.

The lack of new transactions still highlights the cooling of this currency, especially when compared to past enthusiasm.

! Doge transactions Source: Santiment

Slight decrease in DOGE's MVRV ratio

Dogecoin's MVRV ratio has dropped to 40.63%, indicating a slight decrease compared to previous highs.

While it hasn't moved into negative territory yet, this decline may indicate that DOGE may be overvalued relative to current market activity.

Investors are facing less favorable profit conditions, which could lead to a lot of selling pressure in the short term.

If the MVRV ratio continues to decline, this may signal that the currency is no longer receiving strong optimism as before. Therefore, Dogecoin may struggle to recover unless its MVRV ratio shows signs of improvement.

Source: Santiment

The weight of market psychology on Dogecoin

Dogecoin's sentiment score has dropped to -0.999971, indicating a strong negative outlook for this coin. This sudden shift in sentiment follows a decline in network activity and price movement.

When the psychology is too negative, attracting new investors becomes much more difficult. Therefore, the recovery potential of DOGE seems very small unless significant factors emerge to boost investor confidence.

Source: Santiment

##Can Dogecoin recover from this decline?

With the combination of network activity decline, decreasing transaction volume, negative sentiment, and downward price trend, Dogecoin may not recover quickly.

Without a significant change in fundamental factors or the emergence of a strong market actor, Dogecoin risks further decline. For now, the chances of Dogecoin returning to its previous highs seem pretty slim.

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