Dogecoin Price Plunges! Will This Meme Coin Recover or Sink Deeper? Find Out Here!

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The Dogecoin price has taken a nosedive, crashing right alongside the rest of the crypto circus. And with this crash, it’s broken a key support level, falling below $0.18. So, what does that mean? Well, it signals the start of something potentially ugly—more declines ahead, folks! But don’t get too down in the dumps just yet. Despite the short-term slump, there’s still a glimmer of hope for the long haul. That’s right, this meme coin could still have a chance to pull a rabbit out of its hat if we look far enough down the road. 🐇💰

Is Dogecoin Still Bullish in the Long Run? Believe it or Not…

Enter Master Ananda, the crypto oracle who called this whole decline before it even happened. At the time of his prediction, Dogecoin was still trading around $0.20—ah, the good ol’ days. Market sentiment was feeling decent, and everyone thought the crypto world was on an upward swing. But Ananda saw through the haze and warned of a potential pullback. How’s that for foresight? 🔮

According to Master Ananda (and his crystal ball), Dogecoin’s short-term outlook was grim, but that doesn’t mean we should start writing its obituary just yet. He pointed out that on the long-term horizon, things weren’t all doom and gloom. While we’re all holding our breath waiting for the next crash, the meme coin is expected to rise again in the distant future. Maybe we’ll even see a full-on resurgence! After all, who doesn’t love a good underdog story? 🐕📈

Let’s rewind a bit. Ananda had been calling for a correction way back when, using the April 2025 lows as a benchmark. Why? Because that’s when the lower highs started appearing—signaling bearish pressure. Fast forward to now, and here we are, with Dogecoin slipping below that key $0.18 level, just as Ananda predicted. Coincidence? Probably not. It’s more like the crypto equivalent of a self-fulfilling prophecy. 🌚

So, What’s Next for Dogecoin?

Master Ananda isn’t pulling any punches when it comes to the bottom of Dogecoin’s current correction. He expects the price to hit a floor somewhere above the April 7 lows, which were hovering around $0.13. In other words, we might see Dogecoin dip to about $0.15 before it turns around and starts making a comeback. Could this be the moment we’ve all been waiting for? Or is it just another false alarm? ⏳

For anyone holding onto their bags of Dogecoin (and who isn’t?), Ananda advises you to chill for a bit. Let the dust settle and wait for the altcoin to show some signs of life again. And if you’re one of those brave souls trying to short Dogecoin, here’s a little tip: don’t get too cocky. This market doesn’t like to stay predictable for long. Keep those trades short and sweet. ⏳🦹‍♂️

“We’re likely to see a higher low compared to April 7,” says Master Ananda. But he also cautions that if too many leveraged positions are open, we might see a long wick—kind of like the crypto market’s version of a dramatic cliffhanger. So, buckle up. 🧑‍🚀

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2025-06-14 11:47