The Elliott wave analysis of $DOGE /usd shows that the market is currently in an unusual phase, as if it is undergoing a pullback and adjustment.
This adjustment pattern is dual; to put it more complexly, it is a double correction. Simply put, it resembles a zigzag price movement. We are currently at the final leg of this zigzag—part of wave (Y).
It appears that the previous IV wave adjustment may have concluded, and the price might spring back up like a spring in the V wave.
From a technical strategy perspective, I believe the IV wave likely ended around the position of 0.2626, after which the price should rebound all the way up, at least touching the height of 0.4804, and maybe even rush to 0.6174!
Looking at the technical indicators, the price is currently above the 200-day moving average (MA200), which is the gold standard for an uptrend. The wave oscillator is also looking positive, with strong momentum.
Therefore, I believe Dogecoin (DOGE) is set to experience a rebound! It's like climbing out of a trough, preparing to surge to new heights.
