Dogecoin Price Drops 21% to $0.18; Metrics Show Potential for Rebound

Dogecoin (DOGE) price has dropped 21% recently to $0.18, but metrics show this is a good time to buy the dip
DOGE's Market Value to Realized Value (MVRV) ratio of -7.55% signals the coin is undervalued and due for a recovery
Nearly $1.2 billion of DOGE was purchased near current prices, meaning many holders are on the verge of profits
DOGE's price is approaching key support at $0.182; breaking above could spark a rally to $0.20 or higher
Failure to overcome resistance at $0.20 and $0.18 could counter the bullish outlook for Dogecoin