Crypto analyst Behdarek has provided an in-depth analysis of Dogecoin's price roadmap so far. All-Time High (ATH) $0.75 In his analysis, he explains why Dogecoin could still see a significant correction before reaching its current ATH.
Dogecoin price is the next bearish wave
in one TradingView postBadharek stated that the price of Dogecoin seems to be entering an F wave, which is a bearish wave. This cryptocurrency analyst noted that the former Corrective waves This diameter lasted between 196 and 347 days, so this F wave is expected to last between 196 and 347 days.
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The analyst's accompanying chart showed that the price of Dogecoin could fall to Less than $0.15 In this wave F corrective movement. Similar to waves B and D, the analyst noted that this corrective wave is expected to be highly volatile. Based on the 196-347-day timeline, this corrective wave may end sometime in November 2025.
When corrective wave F is done, Dogecoin price will turn into wave G. Behdark stated that wave G will be a bullish wave that may lead to a new ATH. The accompanying chart showed that Dogecoin could reach around $0.8 in this sudden move to the upside. However, much expected The price level of 1 psychological dollar He could still escape the meme's most important coin.
Meanwhile, the crypto analyst added that a weekly candle below the $0.12 invalidation level would invalidate the buying outlook for the green zone between $0.15 and $0.20. Behdark's analysis offers a completely different view of Dogecoin's price, given that cryptocurrency analysts such as Tardigrade merchant They have predicted that MimCoin could reach double digits before mid-2025.
Behdark's analysis also suggests that Dogecoin's price is unlikely to reach $1 this market cycle, a target market participants have been eyeing since memecoin began its parabolic rally between October and November.
The four-year cycle is still ongoing
Cryptographic Analyzer Chris Pax It offered a more bullish outlook for the price of Dogecoin, stating that the four-year cycle is still underway. The analyst noted a historical pattern in which Dogecoin rallied in January 2021 after an uptrend in late December 2020. He then raised the possibility of repeating this historical process again.
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Cryptographic Analyzer master kenobi He had previously said that there is a possibility of a Dogecoin price rebound in January 2025 as he pointed to a historical pattern in the uptrend of 2021. The cryptocurrency analyst believes that Dogecoin could reach a new ATH around the inauguration of Donald Trump, especially with the activation of the Department of Government Efficiency (DOGE) as Trump takes office.
At the time of writing, Dogecoin is trading at around $0.31, down almost 2% in the last 24 hours. data From CoinMarketCap.
Featured image created with Dall.E, chart from Tradingview.com
