DOGE fell to $0.38 after reaching a three-year high. Can it rise again?
Dogecoin recently experienced its first significant pullback, with its value dropping over 21%, and is currently trading at $0.38. After Trump was elected, Dogecoin saw a strong market surge, with its market capitalization peaking at today's high. However, it has lost significantly in the last two days, with an overall market cap decrease of over $16 billion. Despite the market retreat, some investors remain optimistic about the buying opportunities at lower prices, expecting a rebound to $0.46 in the next market surge. Dogecoin remains one of the most anticipated meme coins of 2025.
Dogecoin has experienced its first significant pullback since its rise, with a value drop of over 21%.
After Trump's election, the price of the memecoin surged but recently fell to $0.38.
Investors see potential for buying at lower prices, expecting a rebound.
Dogecoin is the largest meme coin in the world and is experiencing its first significant pullback since its incredible rise. On November 5, driven by Donald Trump defeating Kamala Harris in the U.S. presidential election, DOGE surged significantly.
At that time, this powerful bullish momentum pushed the memecoin to its highest price in over three years. From November 8 to December 8, the currency's value increased by over 150%, rising from $0.19 to close to the 50-cent mark.
However, with the recent market pullback, Dogecoin has suffered heavy losses. In the past two days, the currency has depreciated over 21%, and is currently trading at $0.38.
While losing $0.40 in profit can be seen as a serious blow, the memecoin's market cap has lost over $16 billion, half of which was lost today, December 10. Throughout the week, the Relative Strength Index (RSI) indicated that Doge reached extreme 'overbought' levels—suggesting that a price retreat may be imminent.
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