From 0.73 to 0.09, a drop of 87%: shouting "to the moon", yet back to the ground
$DOGE
Peak at 0.7376 dollars, now only 0.09 dollars,
a back and forth, directly dropping 87%.
This round of trend is actually very typical:
When emotions peak, everyone shouts "to the moon";
and when the heat fades, the price begins to return to reality.
Elon Musk has been constantly mentioning DOGE this year, even coming up with a "Department of Government Efficiency" (DOGE) joke, which once ignited the market's emotions.
But the problem is — emotions can drive prices, but cannot sustain them.
Every shout for buying brings a wave of short-term fluctuations,
but when the funds no longer continue to relay, the trend has only one result: a decline.
You will notice a very realistic rule:
It’s lively when shouting, but quiet when falling.
DOGE has never been a coin driven by fundamentals,
it relies on emotions, heat, and consensus.
And emotions come quickly, and leave even faster.
To put it bluntly:
Shouting for buying can give you hope, but what determines your profit and loss is your entry position. $DOGE
$DOGE
Peak at 0.7376 dollars, now only 0.09 dollars,
a back and forth, directly dropping 87%.
This round of trend is actually very typical:
When emotions peak, everyone shouts "to the moon";
and when the heat fades, the price begins to return to reality.
Elon Musk has been constantly mentioning DOGE this year, even coming up with a "Department of Government Efficiency" (DOGE) joke, which once ignited the market's emotions.
But the problem is — emotions can drive prices, but cannot sustain them.
Every shout for buying brings a wave of short-term fluctuations,
but when the funds no longer continue to relay, the trend has only one result: a decline.
You will notice a very realistic rule:
It’s lively when shouting, but quiet when falling.
DOGE has never been a coin driven by fundamentals,
it relies on emotions, heat, and consensus.
And emotions come quickly, and leave even faster.
To put it bluntly:
Shouting for buying can give you hope, but what determines your profit and loss is your entry position. $DOGE