In the ever-evolving landscape of cryptocurrency, the recent geopolitical unrest has cast a shadow over many digital assets, including Dogecoin. This past weekend, the beloved meme coin plummeted by over 5%, dipping below the vital $0.16 mark. This downturn has triggered a wave of concern among investors, prompting an uptick in sell-offs. However, some market analysts suggest a strategic approach for those looking to invest in DOGE.

What Strategies Should Investors Consider for Dogecoin?

Currently, Dogecoin has entered a new pricing territory, currently hovering around $0.15. Yet, some analysts argue that now is not the most advantageous time to buy. They anticipate further declines, warning that the coin could drop an additional 10%, potentially reaching the critical $0.13 level.

Experts urge investors to exercise patience and allow the asset to find its footing in this support zone. The reasoning is straightforward: aligning with weekly support levels provides a solid groundwork for potential gains. Market dynamics suggest that entering around the $0.13 mark could be a strategic starting point for new investments.

Moreover, with expected liquidity in this zone, there’s a high likelihood of significant price recovery in Dogecoin. The analyst’s projections indicate that stability could lead to a potential rebound target of $0.25, marking an incredible rise of over 90% by the end of the third quarter, rekindling investor confidence.

Impact of Volume on Dogecoin’s Future

The recent slump in Dogecoin’s pricing coincides with a noticeable decrease in daily trading volume. Historical data from various analytics platforms, like CryptoMetrics, reinforces expectations of continued decline in Dogecoin’s value.

In June, Dogecoin’s daily trading volume saw a sharp drop from $5.1 billion to an average below $3 billion. Should this trend persist, it’s plausible for volumes to dip below $2 billion, potentially driving prices closer to $0.13, making this a critical juncture for investors.