Dogecoin Price Prediction as DOGE Dips Below $0.15 – Will SHIB Overtake Dogecoin?

cryptonews.com:

DOGE has dipped by 1% in the past 24 hours, with the Dogecoin price slipping to $0.1398 on a day when the cryptocurrency market has struggled to move in any direction.

The meme token is now also down by 15% in a week and by 2% in the last 30 days, although it holds onto a decent 130% gain in the past year.

However, this latter percentage doesn’t match the 230% return posted by SHIB in the last 12 months, an underperformance that raises the possibility that Dogecoin may eventually lose place to its nearest rival.

Yet, with Dogecoin still boasting a bigger market cap of $7 billion and with the coin holding out for the possibility of DOGE payments on X, its position as the market’s largest meme token looks assured for now.

While DOGE has fallen hard in the past few days, its underperformance has left it in a position where it’s due a rebound very soon.

Not only did its relative strength index (purple) fall below 20 over the weekend, but it failed to recover in the following few days and almost hit 20 again yesterday.

In other words, the market has been overselling it heavily in recent days, and given that it has fallen below not only $0.15 but also $0.14, the discount should prove too tempting for many buyers to resist.

It does also seem that DOGE’s 30-day average (orange) has reached a bottom and can’t really fall much further, implying that the coin will begin rising again soon.

The past few days have actually seen some big DOGE buys, with whales stocking up on the token again while its price remains relatively low.