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.
it seems that Elon is pretty serious in advancing the developments for doge. now that he announced about suspending the acceptance of bitcoin in Tesla. maybe, he is targeting doge as alternative option for bitcoin. his influence in doge market is really obvious and right now, he is somewhat establishing the use case of doge in the market. people are claiming it has no use case, just a meme coin. but it may turn to be a valuable alt in the payment sector owed to elon musk. so yeah, $1 maybe is the next target here.