Will dogecoin drop to $0.2 again?

[leea-1334]

Well today DOGE is above 18 cents and it does not look good.

There's a major dump, if we look at the top 10 worst performers in the last 7 days in CMC, Doge is included with -21%, that's a huge drop and for sure investors will panic, I'm talking about the top 100 coins top 10 worst performers.

Maybe the hype is already over, DOGE is going back to below $0.1 or the price where the hype started.

What would Elon do now that his hype is not effective anymore?

Indeed a major major dump,,, and even when it recovered a little yesterday you can see that the strength is so weak, I think 500 satoshi will be definitely breached if Bitcoin does not somehow try and break 35k this week.

They hype is not already over, still a lot of players and Musk will still want to try pump. But the initial bubble will be extremely hard to replicate.

[1714642405]

1714642405

[freedomgo]

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

look at now the price of dogecoin on coinmarketcap at a price of $ 0.17 this is even lower than your expectations at a price of $ 0.2. So I guess it's a drastic drop from doge after a drastic increase in the past few months

Dogecoin is even lucky it does not dump hard in the current situation, the market is undergoing a correction and anytime soon bitcoin might drop below $30k which I believe will cause panic. DOGE although dropping in value, it's only slowly dropping, and compare to the price at the start of this year which is only $0.009, DOGE is still at an 18x increase which IMO is still overpriced.

[LUCKMCFLY]

Doge is in a very difficult position, it bounced off 0.15USD, the bulls want to have the price above 0.21USD, the bears have not been able to lower it further despite the fact that the market direction is falling in the short term, if we take into account These scenarios, the most bullish are buying on the dip, but it is a matter of waiting:

if the price rebounds off $0.15, the pair may again rise to $0.21 and remain range-bound for a few days. A breakout and close above the 20-day EMA ($0.21) will be the first sign that buyers are attempting to make a comeback.

Source: https://cointelegraph.com/news/price-analysis-7-19-btc-eth-bnb-ada-xrp-doge-dot-uni-bch-ltc

Doge is very likely to continue to decline in the short term, I do not know if an eventual recovery of BTC could actually mean the rise of DOGE.

[imstillthebest]

upon checking the price of dogecoin it is dropping  under $0.2 and i think  it is because elon hasnt updating yet with his tweets with dogecoin but the hype isnt died yet.
  there are still people that a high hopes for this coin and i can see that anywhere but now the decision is in the master manipulators hand if he will continue to pump dogecoin  further or he is done with it and plans to move into another coin  .  lets find out

[janggernaut]

upon checking the price of dogecoin it is dropping  under $0.2 and i think  it is because elon hasnt updating yet with his tweets with dogecoin but the hype isnt died yet.
  there are still people that a high hopes for this coin and i can see that anywhere but now the decision is in the master manipulators hand if he will continue to pump dogecoin  further or he is done with it and plans to move into another coin  .  lets find out

DOGE has plummed below $0.2 because it will back to initial price when it didn't get pumped by Elon. Elon tried to pump DOGE in few tweets but unfortunately he can't make any huge pump again just like he did. Everyone know if that's not too long, and prefer to take profit with their doge investment. I won't be surprised if Doge back to $0.002 for each doge later.

It only MEME coin, created for a joke, what kind of usage that useless coin?

[BigBos]

a few months ago, the price of dogecoin looked very strong, and it doesn't look like it's going to fall that far. however, currently the price has been below $0.2 and is approaching $0.1. I'm also pretty sure, that it's only a matter of time until the Doge's price drops to near $0.00xx.

[777Jolami]

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

I'm not surprised when Doge drops to $0.16 and back to its original state, this coin is overhyped imo Elon Musk, anything moving too fast will create a thirst for profit  At some point, this community will realize it is playing with a double-edged .  They don't seem to understand this, their ego and trust are from Elon, once Elon is no longer interested in Doge, it will be a huge swamp.  With the Doge infinite supply, it is not possible to maintain the balance at this point.

[masulum]

Doge may still be able to return to 0.2, because this position is a resistance position that can be said to be very close. However, if one day BTC corrects again until it reaches 19K or even lower, then doge has a very big potential to return to the 0.00xx price range. for trading and taking short-term profit, it seems that it is still safe to trade following the market conditions and analysis,  but it can be hard to hit ATH (IMO)

[Mahdirakib]

Doge may still be able to return to 0.2, because this position is a resistance position that can be said to be very close. However, if one day BTC corrects again until it reaches 19K or even lower, then doge has a very big potential to return to the 0.00xx price range. for trading and taking short-term profit, it seems that it is still safe to trade following the market conditions and analysis,  but it can be hard to hit ATH (IMO)

Dogecoin price is now at one-forth level from it's ATH price. So it will be really hard for doge to break the previous ATH. It is staying below $0.2 since last few days and the volatility rate is higher for doge than other alts. It may recover quickly but everything will depend on the market situation. Doge will go down more quickly if bitcoin price goes down by small percentage from this point.

[bonghip]

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

Currently Doge is at $0.17, It's back below $0.2
DOGE is now testing the liquidity area as predicated. The 4-hour candle should close above $0.165, the wicks below the liquidity area show stop loss hunting. Wait for confirmation and open long here with a stop loss of slightly below $0.16.

[WalkerIVIV]

look at now the price of dogecoin on coinmarketcap at a price of $ 0.17 this is even lower than your expectations at a price of $ 0.2. So I guess it's a drastic drop from doge after a drastic increase in the past few months

The major holders of doge coin didn't yet try to sell their bag and once these holders will be sending all of their tokens to the market and it may make the price of doge coin will be going back to the 1 cents again.
The drastic increase caused by there was a major address that bough billions of doge coin but at the same time it can be a disaster anytime for the all of the current doge holders.
It can be dumped anytime. It may go even lower than the current rate.

[imstillthebest]

upon checking the price of dogecoin it is dropping  under $0.2 and i think  it is because elon hasnt updating yet with his tweets with dogecoin but the hype isnt died yet.
  there are still people that a high hopes for this coin and i can see that anywhere but now the decision is in the master manipulators hand if he will continue to pump dogecoin  further or he is done with it and plans to move into another coin  .  lets find out

DOGE has plummed below $0.2 because it will back to initial price when it didn't get pumped by Elon. Elon tried to pump DOGE in few tweets but unfortunately he can't make any huge pump again just like he did. Everyone know if that's not too long, and prefer to take profit with their doge investment. I won't be surprised if Doge back to $0.002 for each doge later.

It only MEME coin, created for a joke, what kind of usage that useless coin?

aside from solid fans there also more people that starts to unfollow elon .
 he shouldnt wonder now why his recent manipulations didnt work but atleast he gave his best shot to up the coin  ,  his remaining followers are somehow proud of him  .
 meme coins are useless and if theres no hype or manipulation it will go nowhere.  people should realize this fact and not re invest again once doge dumped hard.

[rodskee]

a few months ago, the price of dogecoin looked very strong, and it doesn't look like it's going to fall that far. however, currently the price has been below $0.2 and is approaching $0.1. I'm also pretty sure, that it's only a matter of time until the Doge's price drops to near $0.00xx.

That is when the manipulation happens , Dogecoin even reach almost a Dollar value things that I don't really believe from the start.
and Know what ? I'm lucky to buy doge when the value don't even Penny and got sold all of them at 63 cents a doge.
Practicality wise that i did not wait for the ATH at 70 cents because i know that at any moment Whales will dump this so as how will Elon break investos heart for Doge.

[asriloni]

I believe it's going to take a long time before the price of dogecoin will recover back to 0.20 or above. The entire altcoin market is on a declining trend as the market relies heavily on the bitcoin market to sustain its price.

Totally depends on the bitcoin. When bitcoin can go back again to the 40k and doge coin can follow this and it may surpass 20 cents again but the trend for the doge token already passed and we are facing the trend of NFT game.
I just wanna see those doge supporters that were claiming doge was fine without bitcoin lol. They must see how doge coin was nothing for bitcoin.
All of altcoins were still following the bitcoin. Bitcoin is the king.

[bakasabo]

Those who waited dogecoin price to go below 20 cents - what is your tactics right now? Are you buying more coins right now, as the price looks sweet, holding your coins or selling in a rush? Community havent heard much from Elon about dogecoin (or he has lost interest in it), or does not react like they used to. Without support of community or people that can really influence the price, dogecoin is falling down to where it was. Its price can not be supported with enthusiasts only. I think that we will see the continuation of a price till another major Bitcoin price growth.

[LUCKMCFLY]

Doge is on a winning streak, as many are thinking that it can go back above the 0.21USD levels, which is very positive news for Doge fans and investors, seeing the price at 0.15usd is somewhat frustrating, however there is that keep waiting to see how Doge prices continue to develop:

A breakout of $0.21 will be the first sign of strength and could result in a rally to the 50-day SMA ($0.26). On the contrary, if the price turns down and plummets below $0.15, the pair may witness panic selling and could drop to $0.10.

Source: https://cointelegraph.com/news/price-analysis-7-21-btc-eth-bnb-ada-xrp-doge-dot-uni-bch-ltc

For the bearish ones, they hope that Doge can reach 0.10USD, but I don't think they will drop the price so much, unless BTC falls below $ 20k, which although it is possible I do not think it will reach there.

[LUCKMCFLY]

Now Dogecoin regarding its behavior is in a huge uncertainty, for now the bulls want to keep the price above 0.21USD and there is a great possibility that it will happen, also that Elon Musk has made some statements very in favor of the market, which can be translated into good news for Doge:

If the tight consolidation near the overhead resistance at $0.21 continues, it will indicate that bulls are not closing their positions as they anticipate a move higher. A breakout and close above $0.21 could open the doors for a move to the 50-day SMA ($0.25)

Source: https://cointelegraph.com/news/price-analysis-7-23-btc-eth-bnb-ada-xrp-doge-dot-uni-bch-ltc

I sincerely think that Doge fans are waiting for a good move for Doge if BTC recovers more, I think that if BTC recovers a whale can come and make a lot of purchases to produce a good pump again, it is presumed that only the usual investors and traders can push the price to 0.25USD.

[tabas]

Those who waited dogecoin price to go below 20 cents - what is your tactics right now? Are you buying more coins right now, as the price looks sweet, holding your coins or selling in a rush? Community havent heard much from Elon about dogecoin (or he has lost interest in it), or does not react like they used to. Without support of community or people that can really influence the price, dogecoin is falling down to where it was. Its price can not be supported with enthusiasts only. I think that we will see the continuation of a price till another major Bitcoin price growth.

I guess they're going to buy right now as the price is nosedive. It's $0.19 and that's low for them already as everyone saw the ATH for Dogecoin. It's intriguing yet at the same time attractive if you just want to pull some quick profits through it. We'll never know what could be the next tweets again by Elon about Doge. But if it's another positive one, that's when those investors that want quick profit going to enter.

[BitTraderCute]

Those who waited dogecoin price to go below 20 cents - what is your tactics right now? Are you buying more coins right now, as the price looks sweet, holding your coins or selling in a rush? Community havent heard much from Elon about dogecoin (or he has lost interest in it), or does not react like they used to. Without support of community or people that can really influence the price, dogecoin is falling down to where it was. Its price can not be supported with enthusiasts only. I think that we will see the continuation of a price till another major Bitcoin price growth.

now , current rate dogecoin slowly recovered when bitcoin rise naturally. Elon musk confirm that he has bitcoin and dogecoin , is it could be good sign for doge in future ? will tesla or spacex really will accept doge as payment ? As old cryptocurrency , doge coin has strong and solid community ever. Since beginning when expert said doge as joke project and underestimate on it , time prove it could still survive. And dont ever we repeat the same mistake by underestimate about doge coin future .

[freedomgo]

Those who waited dogecoin price to go below 20 cents - what is your tactics right now? Are you buying more coins right now, as the price looks sweet, holding your coins or selling in a rush? Community havent heard much from Elon about dogecoin (or he has lost interest in it), or does not react like they used to. Without support of community or people that can really influence the price, dogecoin is falling down to where it was. Its price can not be supported with enthusiasts only. I think that we will see the continuation of a price till another major Bitcoin price growth.

now , current rate dogecoin slowly recovered when bitcoin rise naturally. Elon musk confirm that he has bitcoin and dogecoin , is it could be good sign for doge in future ? will tesla or spacex really will accept doge as payment ? As old cryptocurrency , doge coin has strong and solid community ever. Since beginning when expert said doge as joke project and underestimate on it , time prove it could still survive. And dont ever we repeat the same mistake by underestimate about doge coin future .

It's just a normal reaction because bitcoin has recovered a bit, but if you look at the increase, it's just a small percentage compared to what we saw during the last bull run, I trust crypto but this time, I think it's just a bull trap, and we should be careful in making a decision to ride the hype.