Dogecoin (DOGE) hits bottom in the market downturn. Dogecoin is also a currency with high expectations. When meme coins were rising, Dogecoin and Shiba Inu coin were still lying there. Musk's Tesla payment also confirmed Dogecoin, and did not stimulate the desire for Dogecoin to rise. Is this big dog really old?

In the past week, the price of Dogecoin has fallen sharply, shrinking by more than 15.8% in value. The decline coincides with a larger market adjustment, and Bitcoin has also fallen to $65,000. According to Johnny Brah, a well-known cryptocurrency analyst on TradingView, the decline of Dogecoin may mean a historic buying opportunity, or what he calls a "generational bottom." This term indicates that a significant rise can be expected from this low point.