Dogecoin Plummets 16.8% in Seven Days: Time to Load Up or Bail Out?

Another week, another crypto rollercoaster—Dogecoin just got tossed like a meme stock in a bear market. The ’joke’ currency nosedived nearly 17%, leaving bagholders sweating and opportunists circling.

Buy the dip or dodge the bullet?

While Wall Street suits debate ’fundamentals,’ DOGE traders know the drill: this coin runs on hype, Elon tweets, and the collective delusion of internet strangers. Technical analysis? Try reading tea leaves.

One thing’s certain—when the market bleeds, sharks smell opportunity. Whether you’re gambling or ’investing,’ buckle up. After all, what’s finance without a little irrational exuberance?

Macroeconomic Factors Bringing Cryptocurrencies Down?

The latest market dip comes after a US court blocked President Trump’s proposed tariffs. Investors may be anticipating some market volatility following the court’s decision. Market participants’ confidence may have taken a hit.

DOGE and other assets have seen substantial liquidations in the last 24 hours. According to CoinGlass data, the crypto market saw $656.84 million in liquidations over the last day.

Should You Buy The Dogecoin Dip?

Dogecoin (DOGE) could see a rally over the coming days if the crypto market regains momentum. Doge may also get an ETF sometime later this year. A DOGE ETF could lead to a substantial price spike for the memecoin. The low prices could be an excellent entry point for new investors. The dip also presents an opportunity for holders to bring their average cost down.

The SEC recently dropped its lawsuit against Binance. The MOVE could lead to a boost in investor confidence. The development could help the crypto market regain its lost steam.

CoinCodex analysts do not anticipate a massive rally for Dogecoin (DOGE) just yet. The platform anticipates the asset to climb to $0.265 on June 26. The memecoin will face a 27.4% rally if it hits the $0.265 mark.