Why did Dogecoin ($DOGE ) drop? The market is rising, Ma Baoguo is supporting the market, but Dogecoin is still dropping? Why? After a significant rise, Dogecoin is strongly consolidating, but from the daily chart, it is still in a downtrend channel and currently lacks upward momentum. When will it rise? Wait for resonance! The market has broken new highs, but the upward momentum is weak and needs to correct before a better rise. Therefore, when the market corrects properly, Dogecoin will rise in resonance with the market.