Dogecoin Slumps 9% Amid Bitcoin Weakness – Is a Bigger Sell-Off Ahead?
Key takeaways
- Dogecoin witnessed a 9% plunge to new lows today.
- Various market analysts and online handles speculate that a larger dump is coming for Doge.
- The price prediction suggests a slower growth for Doge instead of a correction.
- Doge is potent for long-term growth due to the resurgence of Elon Musk’s plan to launch a DOGE-based SpaceX lunar mission.
The ongoing market-wide correction has significantly affected Dogecoin (DOGE), making it experience a 9% slump to the 24-hour low of $0.1368. This has created FUD in Doge’s market, and multiple analysts and social media handles warn of a further crash for the coin.
Let’s check whether Doge will experience further dumping or a sudden reversal by analyzing its charts and creating a price forecast.
Why is Dogecoin Down Today?
Dogecoin has been witnessing a downtrend primarily due to the market-wide correction. The technicals are weak, and there is no major whale activity. In addition, the recently launched Dogecoin ETFs failed to exhibit a significant inflow. The Grayscale and Bitwise ETFs attracted only $2.16 million in inflows, indicating that investors are less confident about DOGE. At present, DOGE is more than 80% down from its all-time high of $0.7376, and the overall sentiment is bearish.
Is a Larger Dump Coming for Dogecoin?
While the technicals are weaker than ever, there is no direct indication of a further crash for Doge. But, as a memecoin without any inherent utility, Dogecoin’s price movements are solely dependent on its speculative nature. Since the 2021 bull run for DOGE was driven by the influence of key opinion leaders like Elon Musk, this year it should witness a similar trend to signal a breakout.
A reply from Elon Musk on November 3rd about SpaceX’s plan to put literal Dogecoin on the moon has reignited the momentum around Doge. He replied that “it’s time”, and this signals a pump for Doge instead of a Dump.
Dogecoin has a high futuristic potential if the plans to use it in a lunar voyage materialize. It is confirmed by Elon Musk himself that SpaceX has a project plan named DOGE-1 to explore the lunar surface, and $DOGE will be used to fund and govern the entire project. If the mission becomes a success, we could witness exponential growth for Doge.
Dogecoin Price Prediction December 2025 to December 2026
The month-wise price prediction for Doge till December 2026 indicates that it will experience a slow linear growth till July 2026, reaching a maximum value of $ 0.3133. Then it will likely move downwards, but without falling below the $0.2 support. A detailed forecast is provided below.
| Month | Min. Price | Avg. Price | Max. Price | Change |
|---|---|---|---|---|
| Dec 2025 | $ 0.1340 | $ 0.1516 | $ 0.1771 | 28.94% |
| Jan 2026 | $ 0.1476 | $ 0.1592 | $ 0.1715 | 24.90% |
| Feb 2026 | $ 0.1496 | $ 0.1629 | $ 0.1691 | 23.14% |
| Mar 2026 | $ 0.1628 | $ 0.1735 | $ 0.1970 | 43.50% |
| Apr 2026 | $ 0.1459 | $ 0.1526 | $ 0.1640 | 19.45% |
| May 2026 | $ 0.1413 | $ 0.1476 | $ 0.1570 | 14.31% |
| Jun 2026 | $ 0.1432 | $ 0.1478 | $ 0.1563 | 13.80% |
| Jul 2026 | $ 0.1439 | $ 0.2225 | $ 0.3133 | 128.20% |
| Aug 2026 | $ 0.1800 | $ 0.2011 | $ 0.2528 | 84.14% |
| Sep 2026 | $ 0.2094 | $ 0.2285 | $ 0.2425 | 76.63% |
| Oct 2026 | $ 0.1654 | $ 0.1798 | $ 0.2094 | 52.51% |
| Nov 2026 | $ 0.1702 | $ 0.1850 | $ 0.2031 | 47.94% |
| Dec 2026 | $ 0.1980 | $ 0.2101 | $ 0.2212 | 61.07% |
Concluding Thoughts: Can Doge Surge Soon?
A recovery from the current plunge could position Doge above $0.2, but it also demands huge community support and publicity by key opinion leaders. More than the ETF approvals and tweets, the SpaceX mission can be considered a major catalyst for Doge’s next bullish breakout.
Finally, the above-provided price prediction table for DOGE is based on predictive models, and it’s better if you do your own research to finalize your entry point on the coin. Always DYOR!
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