en.cryptonomist.ch
In the last 24 hours, the price of Dogecoin (DOGE) seems to be recovering from a small slip, currently valued at $0.16 at the time of writing. In general, the trend of DOGE seems to follow that of Bitcoin (BTC), but it is not clear if it will manage to regain its price momentum.
Summary
Dogecoin and the recovery of DOGE’s price from a slip in the last 24 hours
In the last 24 hours, the price of Dogecoin (DOGE) seems to have recorded a slip only to quickly recover.
At the time of writing, DOGE is worth $0.161, while a few hours ago it had dropped to $0.157.
This recovery trend of the memecoin par excellence seems to reflect that of Bitcoin, although with some differences.
In fact, in the last 24 hours, BTC slipped from $106,760 down to $105,360 before starting its recovery. At the time of writing, BTC is worth $107,631.
To confirm this hypothesis of a similar trend between DOGE and BTC, it is necessary that the DOGE price manages to exceed 17 cents of dollars.
Dogecoin and the trend of the price of DOGE and Bitcoin (BTC) in comparison
A way to analyze if the price trend of DOGE is actually following that of Bitcoin (BTC) is the current market sentiment.
In practice, the Fear and Greed index for Dogecoin seems to be in a neutral zone, with a score of 53.
Dogecoin Fear and Greed Index is 50 ~ Neutral pic.twitter.com/ux3Muz6CQf
— Doge Fear and Greed Index (@DogecoinFear) 2 luglio 2025
On the contrary, the Fear and Greed index for Bitcoin seems to be already more enthusiastic with a score of 63.
Indice di Paura e Avidità di Bitcoin è 63. Avidità
— Indice di Paura e Avidità di Bitcoin (@BitcoinFear) 2 luglio 2025
Prezzo attuale: $107,649 pic.twitter.com/fYNRl7PxFM
In this sense, it seems that the market sentiment for DOGE is not yet convinced and enthusiastic to the point of revealing a bull price. At least not as much as Bitcoin.
Regaining Momentum After Elon Musk’s Abandonment of D.O.G.E
In addition to the bullish trend of Bitcoin, the price of DOGE could regain its momentum for other reasons as well, which might involve its influencer par excellence, Elon Musk.
It is not a coincidence that the bear market of DOGE started exactly from the end of May 2025, when DOGE was worth $0.245.
And indeed, right at that moment, Elon Musk was abandoning the well-known Department of Government Efficiency, the D.O.G.E. The reason for this choice was his clear disappointment with the financial law proposed by Donald Trump, which risks significantly increasing the federal deficit.
In any case, until that moment, the price of DOGE had risen by 34% in thirty days, surpassing the performance of other major cryptos in the same period, such as Bitcoin with a +18% and Solana +19%.