Recently, the trend of Dogecoin (DOGE) has left many people feeling uneasy—does this coin still have potential? Can we buy the dip at this price level? Let me share my thoughts with you. First, let's talk about the ETF issue. Although it has been postponed, it is basically a settled matter; it's just a matter of time. Think about it, even the Ethereum ETF has been approved, so it's only a matter of time before a coin like Dogecoin, which has such a strong grassroots following, gets approved. The last time the Ethereum ETF was approved, the price shot up to $4,000, and that's a lesson to learn from! At this point, I believe we can definitely start accumulating a little. Institutions are currently figuring out how to increase liquidity to stimulate the market. When the day comes that the ETF is approved, funds will flood in, and the price will surely take off. Especially if it can break through the key level of $0.2, then the rise will be unstoppable, and we might see explosive growth.
However, we also need to be realistic. Right now, don't go all in; just buy a small position in spot. After all, market sentiment is unpredictable, and if it dips further, we still have room to average down. If it really falls below the previous low, then don't rush to add to your position; wait until it stabilizes.
In my opinion, those who can still hold DOGE after experiencing this bear market will be the winners when the bull market finally arrives and it breaks $0.2! What we need to do now is patiently wait; what’s meant to come will eventually come. Remember, in the crypto world, you must be bold in thinking and action, but also know when to take profits.
I am Mo Fei, serving only those with vision and ambition!
