Most of people are bullish and they value doge to be worth more than $1 and it's definitely not only fomo but people believing dogecoin just gonna go up again and again due to elon and they just need to stash their doge in their wallet tightly and just let it be
Even right now doge instead go up 20% within interval of 24 hour I don't believe it could get dumped so easily, if there's any dip people gonna buy it immediately and you know so many people out there waiting for their entry at the dips. But in my opinion, the price of $0.3 and above is kinda risky considering the characteristic of this coin. I mean, if what makes people buying it is elon's shill, what's stopping elon from dumping the market by also make a fud about doge.
Always keep in mind one simple thing. If a coin can go up by 6000% due to one single tweet, it can also go down by that much from a tweet or a news event. And I don't know why so many people are saying that Elon is pumping the coin. Elon mentioned about DOGE in one or two tweets and that's it. He never said that it's technology is good, or asked anyone to invest in it. What's going on in the market right now is pure madness.