DOGE Price Slides to $0.2057 as Traders Eye $0.50 Rally Target

Dogecoin (DOGE) drops 4.75% but bullish traders see the dip as a buying opportunity, targeting $0.50 in Q4.

DOGE Price Takes a Hit Despite Trader Optimism

Dogecoin is having a rough patch right now, sitting at $0.2057 after dropping 1.38% in the last day and 4.75% overall. The meme coin bounced between $0.2022 and $0.2106 today, showing some volatility but nothing too crazy by crypto standards.

Here's the thing though - retail traders aren't sweating it. One enthusiastic trader took to X with this hot take: "Guys, I'm telling you, stack as much DOGE as you can. This run won't stop in Q4. It's gonna smash $0.5 easy. DOGE IS NOT DONE."

That's the kind of confidence you'd expect from the DOGE community, even when the charts aren't looking pretty.

Can DOGE Actually Hit $0.50 This Quarter?

Look, the price action has been pretty choppy lately, but that's not stopping the bulls from dreaming big. Many traders are treating this dip as a chance to load up before what they think could be a major Q4 run.

The volume numbers suggest there's still solid interest in DOGE, which is always a good sign when prices are down. If the coin can push back above $0.2100, we might see some real momentum building toward those higher targets everyone's talking about.

Whether DOGE can actually reach $0.50 is anyone's guess, but with Q4 historically being altcoin season, stranger things have happened in crypto.