Many people bought $DOGE and ended up stuck with it, the price stuck above 0.4, losing 25%~30% or even more, definitely feeling frustrated, wondering if there’s still a chance to turn things around?
First, we need to understand why DOGE was able to become popular before.
Firstly, at that time the entire crypto market was booming, and DOGE also benefited from it.
Secondly, when the richest man, Musk, spoke up, plus he created a government department name related to DOGE.
Thirdly, the market has cycles, every so often there is a period for meme coins, the last time DOGE surged was in March.
But now the market is quiet, Bitcoin and those altcoins are all declining, the first condition is gone.
Everyone is just stuck, and no one wants to cut losses right now, the market is slowly digesting this bubble, and Musk probably won’t bring up DOGE again in the short term, the second condition is also gone.
So I think it’s a bit difficult for DOGE to rebound above 0.4 in the short term, but if the market rebounds, it’s still possible, but thinking about a quick recovery isn’t very realistic.
Opportunities are about to come, for the next strategic direction, I will lead everyone to target the lucrative opportunities in altcoins, expecting a potential upside of over 10 times is not a problem, like + comment, and I'll take you to layout for the entire bull market!
