After early July, the current market correction is considered a temporary pullback to regain bullish momentum. Meme coins, including Dogecoin (DOGE), experience significant selling pressure during broader market corrections. In the past 24 hours, leading meme coins like Dogecoin, Shiba Inu (SHIB), and Pepe Coin have faced substantial declines in value.
The post discusses the potential for Dogecoin to rebound and achieve a 2x breakout run despite the current market challenges. Meme coins are known for their volatility, making it difficult to predict their future performance.
Market enthusiasts closely watch these assets to see if their prices will recover and result in a significant breakout. The discussion highlights the importance of market sentiment and investor behavior in influencing the price movements of meme coins like DOGE.
