Honestly even though dogecoin is increasing, we are talking about 53-54 cents which was 71+ cents just recently. So, I could easily say that the SNL thing was the problem, no idea why it was a problem, he went on national TV and talked about dogecoin and that seems like a good marketing for a coin that went up just with a tweet, it should have gone up even more with SNL, some reason it didn't Ever since this whole thing started I have constantly say that I dislike it, I never liked dogecoin aside from the funny aspect, never seen it as financially viable option to buy (big mistake as it turns out) and I will not do the same mistake, maybe buying from here is a good idea, who knows.
However I am certain that it is reaching to levels where even Elon can't make it go higher, not now of course, he can still make it 1+ dollars, but I do not think he can do any further.