In fact it's happened often, after the correction occurs the crypto market will show a positive trend. A smart trader who sees an opportunity will take advantage of the opportunity for a correction to get a coin at a low price and will resell it when the positive trend is back. To get maximum results, traders will usually buy some coin that have high capitalization, while for dogecoin, it would be very difficult to increase again as it had been a while ago, if that happens it will take a very long time.
what you say is indeed a benchmark for crypto movements, always after a correction there will be an increase, where during the correction we can sort out the coins we will buy. because analyzing first is one way not to disappoint later. it is true that the market capitalization of a coin shows the ability and number of investors who make the coin something that is traded and will definitely increase.
but a coin that increases only because of sensational news that makes the coin increase rapidly, obviously cannot be used as a good investment because after the big rhetoric it will become dim and one of them is coin doge.
Dogecoin will only rise when market conditions have completely recovered completely or 100%, because Dogecoin is a meme coin that has a lot of supply so that when some investors have dumped it in the market it will be very visible and felt in the price even though the capitalization is high in the stock exchange.
indeed it would be difficult to expect anything from coin doge which increased due to a momentary push by @elonmusk, without making changes from management to develop and provide support from previous profits. if you only rely on the news then after the news fades then all will also be lost carried with him. Moreover, we know that @elonmusk did not make any purchases on coin doge so there is no good financial support behind it.