A zero-hedging blog analyst under the pseudonym Taylor Durden (Tyler Durden) recently posted on social media that even if TeslaCEO Musk was also unable to save the dog coin from falling to the "programmed" 5-cent level.
Dayton wrote in the post: "even Elon's TwitterIt can't be saved. He has tried, and each time he has created a lower and best part. $0.05 is programmed. "
Dayton's post on June 18 was accompanied by a chart showing $0.299 as support. Now, the price of dog coins has fallen below $0.20, down more than 2/3 from a high of $0.74 last month.