Dogecoin Appears Undervalued and Primed for Price Rebound According to MVRV Ratio

• Dogecoin (DOGE) price has corrected over 26% recently but its MVRV ratio suggests it's undervalued and ripe for accumulation.

• DOGE's MVRV ratio is -10.4%, putting it in the "opportunity zone" historically preceding price recoveries.

• Meanwhile, Shiba Inu is far from its own opportunity zone, giving DOGE an edge right now.

• DOGE whale addresses are holding despite recent price declines, exhibiting conviction prior to an expected rebound.

• If recovery momentum builds, DOGE could reclaim $0.147 resistance as support before targeting $0.150 next.