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Dogecoin closes above $0.08 for second day but rebound remains uncertain.

Technical Signals
22 Oct 2026
Tokenpost
View Source
Neutral
Dogecoin closes above $0.08 for second day but rebound remains uncertain.

Dogecoin (DOGE) closed above $0.08 for the second consecutive day on October 21, following a dip below that level on October 19. The price closed at $0.081916 on October 21 UTC, showing some recovery. However, this price movement does not confirm a sustained rebound. The 365-day market value to realized value (MVRV) ratio was about 0.74 on October 20, indicating that holders are on average 26% below break-even, which suggests ongoing unrealized losses and uncertainty about whether selling pressure has ended or if buyers are absorbing supply.

Dogecoin trades at Rp1.433 on Pluang as of Oct 22, 2026 19:51 WIB, showing a 2.91% decline in the past day. Despite the article noting Dogecoin closing above $0.08 for two days, Pluang data indicates a slight sell pressure with 47% of order activity being sell orders. The typical hold time on Pluang is 110 days, reflecting moderate investor patience amid ongoing price fluctuations.

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