<ul data-eligibleForWebStory="true">Dogecoin price has dropped over 5% to below $0.16 amid market collapse.Investor panic has led to increased sell-offs in the market.A crypto analyst suggests waiting for Dogecoin to approach $0.13 level before buying.Analyst predicts a potential 10% further decline in Dogecoin price.Buy zone identified at around $0.13 with strong support and potential for a significant bounce.Analyst anticipates Dogecoin price to potentially double from the buy zone to reach $0.25.Declining trading volume on Coinglass platform supports the expectation of further decline in Dogecoin price.June saw DOGE daily trading volume drop from $5.1 billion highs to below $3 billion on average.Potential for trading volume to fall below $2 billion by end of the month, pushing DOGE towards $0.13.