Dogecoin Crashes Below 7 Cents: Should You Buy The Dip?

Dogecoin’s (DOGE) price has crashed below the 7 cent mark. The original memecoin has dipped 4.6% in the last 24 hours and 12.6% over the previous month, according to CoinGecko data. DOGE’s price has also fallen by more than 90% since its all-time high of $0.7316. Let’s discuss if you should consider buying the dip.

Dogecoin Price Crash: Should You Buy The Dip?

Dogecoin’s (DOGE) latest price correction comes after a rise in bearish forces. Oil prices have surged, which may lead to higher inflation numbers for July 2026. If inflation rises, the Federal Reserve may decide to raise interest rates. Higher rates often lead to less risky investments. DOGE is a memecoin and carries some of the highest risks in the market.

The ongoing conflict between the US and Iran does not seem to have an end in sight. Investors are likely worried about a potential market crash. Dogecoin (DOGE) and the larger cryptocurrency market are likely responding with increased fears.

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