Dogecoin Plunges 70% in Crypto Crash, Analyst Sees Buy Opportunity

The cryptocurrency market witnessed one of its most violent corrections in recent memory over Friday and Saturday, with no digital asset spared from the selling pressure that vaporized $900 billion from total market capitalization. The meme coin sector, known for its extreme volatility, suffered particularly severe consequences, with Dogecoin leading the downward charge. DOGE began Friday trading around $0.25 before what was described as ‘Trump-induced panic’ sent the asset into a nosedive that saw it breach $0.10 on multiple exchanges.

This dramatic plunge represented Dogecoin’s lowest price point in just over a year, marking a significant setback for the cryptocurrency that had maintained relative stability through much of 2025. The severity of the move was captured by trading analyst Daan Crypto Trades, who noted that DOGE experienced a roughly 70% decline from top to bottom during the crash. This pattern mirrored the behavior of most altcoins during the market-wide liquidation event, though meme coins like Dogecoin felt the impact more acutely due to their inherently speculative nature.

Following the dramatic sell-off, Dogecoin demonstrated characteristic resilience by immediately bouncing back in the subsequent minutes and hours. The recovery saw DOGE settle at approximately $0.19, representing a partial rebound that recovered about half of the total downward move. According to Daan Crypto Trades, this price action follows a predictable pattern common to altcoins during major corrections – a sharp decline followed by a bounce that recovers roughly 50% of the lost ground.

The analyst further outlined what traders might expect next: ‘What typically follows is a sideways chop before another correction of 10% to 20%.’ This suggests that while the immediate panic may have subsided, further volatility likely lies ahead. Daan Crypto Trades emphasized that charts would only become ‘interesting the moment they breach those initial highs from the bounces,’ noting the presence of ‘15%-30% inefficiencies/gaps which likely get filled relatively easily if price were to get to that point.’ Until prices breach these key resistance levels, traders should expect ‘relatively volatile chop’ in the DOGE market.

Despite the dramatic price action, some analysts see opportunity in the chaos. Popular crypto analyst Ali Martinez has identified the current $0.19 price level as particularly significant for Dogecoin’s future trajectory. Martinez characterized this zone as a ‘strong buy-the-dip’ opportunity that could potentially propel the asset forward if market conditions stabilize.

In a bold prediction that contrasts with current market sentiment, Martinez outlined a potential price target of $0.48 for DOGE – more than double its current trading level. This optimistic forecast comes despite what he acknowledges as ‘far-fetched’ given recent market developments and prevailing sentiment. The analysis suggests that if Dogecoin can maintain support at current levels and begin to fill the ‘inefficiencies’ mentioned by other analysts, a significant rally could materialize.

The current situation presents a classic cryptocurrency dilemma for traders: whether to view the dramatic crash as a buying opportunity or the beginning of a more sustained downturn. With Dogecoin having established $0.19 as a critical support level and analysts divided on near-term prospects, the coming days will likely determine whether this indeed represents the ‘buy-the-dip moment’ that Martinez and others suggest, or merely a pause before further declines in the volatile meme coin market.