Dogecoin price dropped 7% to $0.175 over the last day due to the cryptocurrency market’s 5% slump today. Doge continues its difficult period as market value declined 20% during the previous week and sank further by 30% during the last month.

The Bybit cyberattack keeps creating large-scale market fluctuations today. Research shows the North Korean cybercrime team took $300 million through the stolen funds of $1.5 billion pushing down investment sentiment everywhere.

Dogecoin’s Price Trends: Is a Market Rebound Imminent?

Analysts expect Dogecoin to recover its investment potential over a more extended timeframe. People closely following cryptocurrency tend to regard DOGE as a stock entering its growth phase with the expectation that its price will reach $8.50. According to the forecast this marks a total return for investors of 4250%.

EWT predicts that Dogecoin will enter its next price wave by moving above $8 using Elliot Wave Theory analysis. Throughout time the analyst maintained a positive forecast for Dogecoin by predicting substantial market increases for next year.

The market reaction to the January rally failed to deliver on expectations for Dogecoin investors throughout 2025.Dogecoin settled down in price steadily from December 2020 when it hit $0.4665 for the first time in three years until reaching $0.175.

The market signals show Dogecoin may soon complete its downward trend. The Relative Strength Index dipping to 25 last February shows that Dogecoin sank to a heavily oversold area before a potential market recovery. The moving average indicators show that the market could return to stable levels once the 30-day moving average drops below the 200-day moving average.

Meme Index Offers Diversified Investments in Meme Coins

The success of Dogecoin relies heavily on overall crypto market trends reviving. People stay cautious with their investments because of the lasting market instability that results from economic uncertainty and the effects of the Bybit exchange attack. 

Analysts believe the currency market will improve which allows Doge to reach $0.20 by March and $0.275 throughout the second half of 2022. Traders who avoid Dogecoin because of its price swings now have the chance to invest in the meme coin sector. MEMEX stands out as an ERC-20 token backed by $3.9 million in its presale phase.

Meme Index develops a platform where investors can access several meme coins through multiple investment portfolios. The platform will host various indexes termed Titan for giant coins over $1 billion and Frenzy for fresh tokens released to market. Traders can cut down their risks with one meme coin by investing in MEMEX to access multiple opportunities.

https://twitter.com/memecoin_index/status/1897798646525313360

The MEMEX token owners will receive the authority to direct choices about upcoming index launches. You can buy MEMEX tokens during the presale phase at $0.0166883. Time runs short for those who want to invest in the meme coin market so they should join the presale before it ends.

While Dogecoin faces market downturn investors still find investment opportunities in the cryptocurrency arena. Investors can pick from DOGE or new platform MEMEX as their trading choices because both options offer ways to profit when markets move.