Soon the dogecoin will go high because soon the market go high and that time the touches the sky easily. All the crypto market is down this time that the main reason that the dogecoin will down so much but it will go high soon and touches 1$ easily.
Dogecoin seems to be down because of the current BTC Bear market and its assume that its price will remain the same until BTC pumps above $40k. Doge price will be seen around $0.5 if BTC crosses the $60k price prediction.
if we look at doge's past, when bitcoin actually reached its last ATH in 2021, at that time doge had already reached its ATH. so it's hard to predict that if bitcoin increases again then doge will immediately participate, because it seems that doge is increasing because it's not just a factor of bitcoin itself.
Doge's ATH is: $ 0.731578, if it does happen again, Doge will be able to reach $ 0.5 according to your prediction, so the Elon Musk factor is more obvious than the increase due to bitcoin's push.