As BONK rises, Dogecoin price falls. What about DOGE predictions?

DOGE failed to rebound amid the recent surge in BONK prices.
Despite the decline, many Dogecoin holders are still holding on to their profits.

While Dogecoin (DOGE), a leading meme coin, has fallen in value, the value of BONK, a Solana-based dog-themed coin, has risen by more than 100% in the past few days.
At press time, DOGE was trading at $0.09395, registering a 3% price decline over the past 24 hours. The price of the coin has fallen by almost 10% in the past week.
On the other hand, the price of BONK has risen by more than 70% in the past 7 days. In fact, according to data from CoinMarketCap, it is the only asset among the top five major meme coins to witness a price increase over the past week.
Source: CoinMarketCap
BONK’s recent rally was driven by its listing on cryptocurrency exchanges such as KuCoin, Coinbase, and Binance.
DOGE hasn’t barked in the past few days.
AMBCrypto evaluated the coin’s price movements on daily charts and confirmed that a new bearish cycle began on December 12th. This was when MACD crossed the trend line in a downtrend.
When an asset’s MACD line crosses below its trend line, many traders see this as a signal to consider selling or taking a more cautious approach.
This is because movement signals a potential change in momentum and often results in a downward movement in the asset price.
DOGE’s value plummeted 3% after the MACD crossover occurred.
Additionally, Chaikin Money Flow (CMF) has since trended downward. Although still hovering above the zero line at press time, a steady decline in an asset’s CMF is a sign of a gradual draining of liquidity from the market.
When market liquidity diverges, asset value declines often follow.
Source: DOGE/USDT on TradingView

Most DOGE holders will keep their profits
Interestingly, despite the recent decline in the value of DOGE and low demand for meme coins, many holders continue to maintain profits, as evidenced by the Market Value to Realized Value (MVRV) ratio.

Is your portfolio green? Check out the DOGE Profit Calculator

At press time, DOGE’s MVRV ratio was 8.29%. This means that any investor can be guaranteed a profit of at least 8% if they sell their holdings at the coin’s current market value of $0.0939.
Data from Santiment shows that 78% of the total supply of coins is still making a profit.
Source: Santiment