Dogecoin is already forming a price bottom according to several on-chain metrics.
Last week, I mentioned that buying DOGE below $0.08 could be an excellent strategy.
Here is another chart to complement that view.
The Bubble Risk metric is very powerful because it evaluates the probability of speculative bubble formation by combining the price-to-realized price ratio at 30%, Alpha Price deviation at 30%, and the CVDD ratio at 40%.
It was designed to flag unsustainable valuations where market exuberance may lead to corrections, and it is calculated from the 6th record onward for greater stability.
In Dogecoin’s case, this metric gives strong weight to three of the most important DOGE valuation models, and it is now in a price bottom formation region.
The Alpha is here. Do not ignore it.
