Will dogecoin drop to $0.2 again?

[tabas]

It could be if another hype comes and pump dogecoin more, but i doubt it will happen twice, stable between 0.2 to 0.3 could be nice enough for doge i think.

That's already good for Dogecoin to stay at those ranges. It's even too quick when it had pumped its price and it's too cheap before Elon intervened and shilled it.
Those that have held it when it's low basically dumped it when it has reached its ATH, I don't think that we'll see that ATH again. Just a matter of its unlimited supply.

[CaVO32]

It could be if another hype comes and pump dogecoin more, but i doubt it will happen twice, stable between 0.2 to 0.3 could be nice enough for doge i think.

That's already good for Dogecoin to stay at those ranges. It's even too quick when it had pumped its price and it's too cheap before Elon intervened and shilled it.
Those that have held it when it's low basically dumped it when it has reached its ATH, I don't think that we'll see that ATH again. Just a matter of its unlimited supply.

Agree, but the hopes for the one that trapped on the peak price its extant. They still think that someday another shiller come and pump the price to reduce their loss.
But the unlimitted supply and no significant development progress wouldnt lead them to reach the last ath anymore.

I believe they are hoping that there will be pump again. Now, that Vitalik is part of the board member of the doge project, I guess, there's hope for those holders who bought it at ATH. But we need tangible plans from doge team on what they are after here. Because it has been silent with what's going on with their developments.

[Desmong]

I think it will happen if the market crash again and remember even though Doge has gone up alot recently and looks tasty its just not sustainable in the long term for me the only value for doge is hype. It may give you a quick buck, but it’s not reliable as an investment. But it just pure my opinion.

Even though Dogecoin still has the potential to decline again in the market, but cryptocurrency Dogecoin is still very good and will always last forever in the crypto space, because I don't see Dogecoin from its value only, but also from its excellent ranking and volume.

No matter the fall in the price of dogecoin it will always go up to continue it bullish trend only if the price of Bitcoin keeps up going bullish. We know that Bitcoin movement do affects the price of all cryptocurrency which is the reason why I know that dogecoin will always exceed it highest height to attain a new level. Since Elon Musk is behind the surge in the price of dogecoin, then there is more to it if he continues holding he's dogecoin without selling it back to the market.

[Sayeds56]

Dogecoin is dropping. Will dogecoin drop to $0.2 again?

It can even drop below 0.2, it is generally considered a meme coin with no strong fundamentals. Elon Musk's tweets generally drive its price upwards and small investors are trapped in such kind of Bull traps and they lose their money. It will be worth investing for long term if a strong Technical teams joins this project and to improve its network and create strong its use case.

[ChaoChibai]

Dogecoin is dropping. Will dogecoin drop to $0.2 again?

Dogecoin price hit $0.3 right now, and its price is increasing day by day. I think doge price is being affected by bitcoin and etherem. Because the price of both coins is significantly increasing right now. So doge price is followed.

[ene1980]

Dogecoin price hit $0.3 right now, and its price is increasing day by day. I think doge price is being affected by bitcoin and etherem. Because the price of both coins is significantly increasing right now. So doge price is followed.

There is no entanglement with Dogecoin and Bitcoin or ethereum, if you looked at the past few months, the price of Dogecoin rallied whenever Elon Musk was tweeting about it and it rallied irrespective of what the market valuation of Bitcoin was at that stage. If anyone is expecting huge value appreciation in Dogecoin all you need to contact is Elon Musk .

[LUCKMCFLY]

Doge is still maintaining a good price level, since 0.2USD is not a clear target for the bulls, in fact the bears have been selling in the rallies but they cannot lower it, he is taking into account many things, everything is still fine, I think that at some point can take a step to 0.4usd:

If the price bounces off this support, the bulls will again try to push the price above $0.35. If that happens, the pair may rally to $0.45.

Source: https://cointelegraph.com/news/price-analysis-9-6-btc-eth-ada-bnb-xrp-sol-doge-dot-uni-link

Doge is a currency that currently has a lot of movement, the bulls have not concentrated on raising the price but on defending the price, it is a very intelligent strategy.

[wheelz1200]

Dogecoin price hit $0.3 right now, and its price is increasing day by day. I think doge price is being affected by bitcoin and etherem. Because the price of both coins is significantly increasing right now. So doge price is followed.

There is no entanglement with Dogecoin and Bitcoin or ethereum, if you looked at the past few months, the price of Dogecoin rallied whenever Elon Musk was tweeting about it and it rallied irrespective of what the market valuation of Bitcoin was at that stage. If anyone is expecting huge value appreciation in Dogecoin all you need to contact is Elon Musk .

Not entirely true.  I mean yeah it has gone up a bit but if bitcoin tanks like it did today doge and everything else will follow.  The uptick are a little different but on the way down no altcoin is spared when the honey badger is losing position.

[Sayeds56]

Dogecoin is dropping. Will dogecoin drop to $0.2 again?

Alts market generally takes lead from Bitcoin price movement so does Doge and despite massive BTC dump yesterday it is still trading above 0.2$.  It is also favorite coin of Elon Musk and his tweets pump this coin but fundamentally it is not so string coin. general perception of crypto community is that its a meme coin and people use it to transfer funds quickly and with less fee.

[Oluwabunmi21]

Investment involves purchasing an asset or security with the hope of generating certain returns in the future.
On the other hand, speculation involves an element of risk in a financial transaction.
An investor who purchases a speculative investment is likely focused on price fluctuation.  Dogecoin may not drop because it is an investment.

[Adbitco]

There is every possibility for the price to depreciate at any given time. currently take a look at the Dogecoin price as it is almost  presently at $.24



lets watch how the market goes if there will be any correction before breaking out

[velosepur]

I think drop till 0,2 can happen cos this period we have btc dropping price and whole market in red now. If trend continue drop till 0,2 can be soon. We will see, I just wrote my opinion.

[rodskee]

There is every possibility for the price to depreciate at any given time. currently take a look at the Dogecoin price as it is almost  presently at $.24



lets watch how the market goes if there will be any correction before breaking out

actually doge already drops below 0.2$ and that caption is just recently when the price climbs back again.

What can you expect from a Meme coin? do you think this will remain pumping ? i don't think so.

I think drop till 0,2 can happen cos this period we have btc dropping price and whole market in red now. If trend continue drop till 0,2 can be soon. We will see, I just wrote my opinion.

lol don't compare dogecoin to bitcoin and other top currencies because those have product when dogecoin is a literal shitcoin and will surely fall hard in the following months.

[Ekyfitri]

I think drop till 0,2 can happen cos this period we have btc dropping price and whole market in red now. If trend continue drop till 0,2 can be soon. We will see, I just wrote my opinion.

In fact, Dogecoin and Bitcoin have different markets. comparing the two is not so good I guess for analysis.
although what happens to bitcoin can affect the entire altcoin market. but it's not absolute. we can indeed see almost all altcoins going down including Dogecoin, but it looks like what happens to Dogecoin will be stronger. most importantly bitcoin did not fall very fast and happened in several stages this month. of course, that would be bad for all altcoins. not just in dogecoin.

[Cryptomiles1]

It's possible for Dogecoin to drop merely looking at the few day dip all Altcoin seems to have drop 15 to 20% percent while some trying to gain back. After the Hype of Elon musk that how it dropped from 0.7$ while everyone who bought it were expecting to get $1

[LUCKMCFLY]

For now, the price of Doge has been falling as the market is tilting in the direction of BTC, after it had taken a bullish run, it has fallen to a level of 0.25 USD, according to cointelegraph gives the technical indices:

The DOGE/USDT pair dropped to the $0.21 support where buyers stepped in. This started a recovery, as seen from the long tail on the day’s candlestick. The RSI has dropped into the negative territory and the 20-day EMA has started to turn down, indicating that bears have the upper hand.

Source: https://cointelegraph.com/news/price-analysis-9-8-btc-eth-ada-bnb-xrp-sol-doge-dot-uni-bch

The Doge volume shows that a lot of sales are being generated, of course the bulls may be buying in the dip, although it is very likely that it will continue to fall more in price if the btc does not recover, many are betting that the price will fall more than 0.2 usd.

[tabas]

It's possible for Dogecoin to drop merely looking at the few day dip all Altcoin seems to have drop 15 to 20% percent while some trying to gain back. After the Hype of Elon musk that how it dropped from 0.7$ while everyone who bought it were expecting to get $1

Those that are still expecting it to pump up to $1, they should be cleared with themselves that the hype with meme coins were done and it's unlikely to see that achievement soon.
But it's still crypto at the end of the day, and its volatile nature might still push that soon but that's just what I see on dogecoin and instead of pushing to the top, it might drop. We'll see how the coming back of the team if they'll make the coin pump again.

[wmaurik]

I think drop till 0,2 can happen cos this period we have btc dropping price and whole market in red now. If trend continue drop till 0,2 can be soon. We will see, I just wrote my opinion.

If BTC no longer declines during this period, then the price of Dogecoin will remain as it is now and will not experience a pump again in the near future, except for a gradual increase due to the influence of BTC which will likely increase again this month.

[seleme]

I think drop till 0,2 can happen cos this period we have btc dropping price and whole market in red now. If trend continue drop till 0,2 can be soon. We will see, I just wrote my opinion.

If BTC no longer declines during this period, then the price of Dogecoin will remain as it is now and will not experience a pump again in the near future, except for a gradual increase due to the influence of BTC which will likely increase again this month.

Probably new ATH wouldn't be a case for few months, so  I also expect flat charts on both markets. After the correction of current uptrend correction, the price can go back to the highest possible level, IMHO.

[wheelz1200]

Here it comes.  That's twice it's flirted with $.23 that support will be busted soon.  I can see a quick slide into the low teens within the coming months.  The market is starting to look unstable.