Dogecoin Price Roadmap To $0.75 ATH: Why The Next Wave Is Bearish And Could Drop To $0.15

by

As a seasoned crypto analyst with over a decade of experience in the market, I find Behdark’s analysis both intriguing and plausible. His approach to technical analysis is meticulous, and his ability to predict price movements based on historical patterns is impressive. His prediction of Dogecoin potentially dropping to as low as $0.15 by November 2025 is a stark reminder that the crypto market can be highly volatile, even for a popular meme coin like Dogecoin.

Crypto analyst Behdark has provided an in-depth analysis of the Dogecoin price roadmap to its current all-time high (ATH) of $0.75. In his analysis, he explains why Dogecoin could still witness a significant correction before it rallies to its current ATH. 

Dogecoin Price Next Wave Is Bearish

In a recent TradingView post, Behdark suggested that Dogecoin’s price appears to be starting the bearish wave F. Previously observed corrective waves in this pattern have lasted anywhere from 196 to 347 days, so it is expected that this wave F could persist for a similar duration.

According to the analyst’s chart, there’s a possibility that Dogecoin’s price could decrease to around $0.15 during the anticipated wave F correction. Just like waves B and D, this correction is predicted to be very unstable. Given the 196 to 347-day timeframe, this correction might not wrap up until around November 2025.

After the corrective wave F has completed, the price of Dogecoin is expected to shift to an upward trending wave G, which Behdark predicts will be bullish and potentially reach a new all-time high (ATH). The chart indicates that Dogecoin could climb up to approximately $0.8 during this projected uptrend. Yet, it seems that the highly anticipated $1 mark may remain out of reach for the leading meme coin.

In simpler terms, if the price of Dogecoin forms a weekly candle (a period of seven days) below $0.12, it might challenge the positive forecast suggesting a potential buy opportunity within the range of $0.15 to $0.20. However, this view contradicts some other analysts like Trader Tardigrade who believe that Dogecoin could surge towards double-digit prices before mid-2025.

According to Behdark’s study, it seems improbable for the value of Dogecoin to hit $1 during this particular market phase. This has been a goal that many investors have been aiming for ever since the meme cryptocurrency experienced its steep upward trend from October to November.

Four-Year Cycle Still In Play

Crypto expert KrissPax expressed a more optimistic viewpoint regarding Dogecoin’s price, suggesting that the four-year cycle remains active. He supported his claim by pointing out a historical pattern where Dogecoin experienced significant growth in January 2021, following an upward trend in late December 2020. He also hinted at the possibility of this historical pattern recurring once more.

Previously, renowned cryptocurrency expert Master Kenobi predicted that there might be a resurgence in Dogecoin’s price by January 2025, drawing attention to the similarities with the historical pattern observed during the 2021 bull market. This analyst is optimistic that Dogecoin could attain a fresh all-time high around the time of Donald Trump’s re-inauguration, considering the emergence of the Department of Government Efficiency (D.O.G.E) when Trump resumes office.

Currently, as I’m typing this, the value of Dogecoin stands approximately at $0.31. However, over the past 24 hours, it has seen a nearly 2% decrease, as suggested by information from CoinMarketCap.

Read More

2024-12-23 15:40