Can Dogecoin (DOGE) still rise? What should we do?
Since February of this year, Dogecoin has been on a downward trend, but every time it drops to around $0.15, someone steps in to stabilize the price. In the last three months, most people who bought Dogecoin had costs between $0.15 and $0.17. Recently, Dogecoin has surged significantly, almost doubling from its lowest point. Those who bought in early have made quite a profit, and as long as they are not die-hard fans, they are likely to sell at high prices and secure their profits.
Now Dogecoin has risen back to the price it was at when it first started to drop in February. If you have Dogecoin, it is advisable to sell a portion to lock in profits. As for whether it can break through the $0.26 barrier, it depends on whether the overall market can continue to rise. Unless Elon Musk comes out to promote it again, it will be difficult for Dogecoin to surge on its own. If it does break through $0.26, we could see $0.3, and that would be a good time to take profits.
