Dogecoin can still go up as it is somewhat similar to all this gamestop stuff. DOGE is a real community effort and that seems to have value as people want to be part of the herd when it gets moving. So once it gets moving up it is like self fulfilling prophecy as everybody jumps in and wants to participate in the ride thereby driving the price up.
Right now, dogecoins are into another heavy round of pumping which makes it value more than 18 cents. In BTC values, doecoins are current trading around 280 satoshi from todays levels of 210 satoshi; I guess dogecoins are slowly moving forward to the level of $1 as well, who knows?
I am not seeing Elon musk is twitting or releasing any statements on dogecoins still it is getting pumped like most other altcoins which is really surprising me. I wish I would have held all my dogecoins till today but I cashed them out some 2 years back itself.