Dogecoin: The Bottom? A Grim, Wry Look at the Crypto Circus

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Dogecoin crept up 1.25% in the last day, while Bitcoin, stubborn as a man who refuses to admit defeat, bounced 1.77%. At the moment of writing, Bitcoin bulls were fighting to push prices back above $89k, a local S/R line that has stood like a tired sentinel since last Thursday-a reminder that markets love to pretend they are rational when they are only rehearsing for a farce.

The Percent of DOGE Addresses in profit fell to 55.53%, the lowest since the first week of February 2024. Generally, a small chorus of profitable addresses is a quiet invitation to newcomers to step into a theater where the lights flicker and the actors are uncertain.

When this metric sinks to multi-year lows, it hints at seller exhaustion. It does not guarantee an immediate, sizeable rally, but it croaks softly to those with capital: “If you must, buy here-if you trust whispers more than warrants-and bring a notepad.”

Should Dogecoin investors start buying now?

Compared with the previous cycle’s lows, current figures suggest a wait is prudent. The bear market once delivered a low of 44.88% in October 2023-an appreciable distance from today’s figures, like comparing a distant rumor to a confession at dawn.

Additionally, the Coin Days Destroyed metric hints that capitulation from holders is not yet in. In June 2023, CDD spiked while prices lurked near bear-market lows-an echo that drama can escalate when fatigue meets stubbornness.

Each cycle may differ, but this is the sort of signal value investors pretend to notice while scrolling for headlines that feel warmer than the truth.

Buying at current DOGE prices might be risky, as we probably haven’t witnessed the kind of forced selling that marks a long-term bottom-unless the market has a talent for surprising even the clichés of timing.

The Realized Price metric also warned long-term investors that selling might continue. Recently, Dogecoin fell below its realized price at $0.146 and retested it as resistance-the neat trick of numbers that pretend to know where the floor lies.

In December 2021-January 2022, DOGE tested the realized price as resistance multiple times before slipping nearly 70% over the next six months. A similar page could turn the same way this time, with the audience heckling from the mezzanine.

Investors who aim to hold for years should not hurry to buy DOGE based on these signals alone; patience sometimes wears the bravado as a badge of wisdom.

Final Thoughts

  • The percent addresses in profit were the lowest they have been in almost two years.
  • Other onchain metrics showed that sellers might not be exhausted yet, while highlighting the importance of the $0.14 resistance level as the realized price.

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2026-01-27 16:37