<ul data-eligibleForWebStory="true"><li>Dogecoin’s Market-Value-to-Realised-Value (MVRV) Z-Score is at 0.28, indicating bear-market levels despite price increase.</li><li>The on-chain sentiment for Dogecoin contrasts with its price performance on higher time frames.</li><li>Kevin, an analyst, notes that Dogecoin has not experienced a real bull run yet due to restrictive monetary policy.</li><li>US Federal Reserve's monetary policy impact on alt-coins, like Dogecoin, remains significant.</li><li>Europe's ECB policies also play a role in the alt-coin market performance.</li><li>MVRV for Dogecoin historically shows values above +9 coinciding with tops and below -1 signaling entry points.</li><li>Current Dogecoin's MVRV Z-Score of 0.28 suggests the absence of euphoria despite price increase from 2022 lows.</li><li>Speculation on when monetary policies could shift to support alt-coins like Dogecoin is ongoing.</li><li>Analysts suggest that a systemic tail-wind for Dogecoin may not occur until a pause in balance-sheet contraction by central banks.</li><li>Kevin's analysis of Dogecoin's potential energy indicates a possible inflow opportunity without overheated signals.</li></ul>

Bear Signal Lingers On Dogecoin—Here’s Why That’s Bullish

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