Dogecoin ($DOGE), the pioneering meme coin, continues to intrigue investors with its unpredictable price movements. From a historic all-time high (ATH) of $0.75 to navigating a bearish correction, the road ahead for Dogecoin remains a hot topic in the crypto space. Can $DOGE recover its glory days, or will it face more turbulence? Here’s a detailed analysis of its potential trajectory.

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The Bearish Phase: Wave F

Renowned analyst Behdark outlines a bearish outlook, suggesting Dogecoin has entered a corrective phase, termed Wave F. This phase, characterized by prolonged volatility, could span 196 to 347 days, echoing previous corrective waves like B and D.

Key Insight:

Dogecoin’s price might dip to as low as $0.15 during this phase. However, Behdark anticipates the bearish wave concluding by November 2025, potentially setting the stage for a bullish reversal.

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Post-Wave F: A Bullish Revival?

Following the expected completion of Wave F, Dogecoin could transition into Wave G, a bullish phase. Behdark forecasts this phase may drive prices to $0.80, inching close to its ATH. However, surpassing the $1 psychological threshold might remain elusive in this cycle.

Critical Levels to Watch:

Accumulation Zone: $0.15–$0.20 presents a prime buying opportunity.

Bearish Risk: Weekly closes below $0.12 could negate bullish scenarios.

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Four-Year Cycle Analysis

Adding a historical perspective, analyst KrissPax highlights the four-year cycle trend, indicating potential repetition of past patterns. Dogecoin’s massive rally from late 2020 through early 2021 could offer clues about future movements.

Noteworthy Prediction:

If the cycle repeats, Dogecoin might witness a rally by January 2025. Supporting this sentiment, analyst Master Kenobi speculates that political developments, such as a possible inauguration of Donald Trump in January 2025, might indirectly influence Dogecoin’s momentum.

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$1 Target: A Long Shot?

While reaching $1 remains a coveted milestone for $DOGE supporters, analysts like Behdark suggest this goal might not materialize during the current cycle. Nevertheless, Dogecoin’s resilient community and historical surprises leave room for optimism.

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Current Market Snapshot

Dogecoin is currently trading near $0.31, reflecting a slight daily decline of 2%, according to CoinMarketCap. The price remains caught between bearish pressures and hopeful anticipation of a rebound.

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Final Takeaway

Dogecoin’s journey is a rollercoaster ride of challenges and opportunities. The bearish Wave F offers potential accumulation zones for patient investors, while the four-year cycle theory adds a layer of optimism for the future. Whether Dogecoin will retest its ATH or chart new highs remains uncertain—but its story is far from over.

Will you s

eize the opportunity or watch from the sidelines?

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