Dogecoin, once riding high on meme power, has recently experienced a notable decline, plunging by 8 percent to $0.17. This downturn is primarily attributed to significant sell-offs by major holders, often referred to as whales, which has sparked uncertainty about a potential recovery to the $0.20 mark. Traders are now left questioning whether this dip presents a ‘buy-the-dip’ opportunity or if further declines are on the horizon. As the crypto community debates this situation, many are considering the long-term viability of Dogecoin amidst heightened market volatility and sentiment shifts. Careful analysis and observation will be essential as individuals weigh their options moving forward.