Dogecoin ($DOGE), the crypto darling and ultimate meme coin, has captivated the market with its highs and lows. From its monumental all-time high (ATH) of $0.75, it now faces a bearish phase that could test investors’ resolve. Will Dogecoin weather the storm and soar again, or is a deeper correction inevitable? Let’s dive into the latest analysis.
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The Bearish Wave F
Cryptocurrency analyst Behdark has laid out a bearish roadmap for Dogecoin, identifying its entry into a corrective Wave F, a phase that could last 196 to 347 days. According to Behdark’s analysis, this wave mirrors previous corrective phases (Waves B and D), known for their high volatility and extended timelines.
💡 Key Prediction:
Dogecoin’s price could drop as low as $0.15 during Wave F before rebounding. The analysis suggests this phase may conclude by November 2025, paving the way for the next bullish movement.
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What’s Next After Wave F?
Behdark predicts that after this bearish phase, Dogecoin will transition into Wave G, a bullish wave that could push prices to around $0.80. While a return to its ATH of $0.75 seems plausible, breaching the coveted $1 psychological level remains unlikely during this cycle.
🔍 Crucial Support Zones:
The green buy zone between $0.15 and $0.20 is critical for accumulation.
Weekly candlesticks below $0.12 would invalidate bullish prospects.
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The Four-Year Cycle Perspective
Adding a layer of optimism, cryptocurrency analyst KrissPax highlights the four-year cycle theory, suggesting that historical patterns may repeat.
📅 Key Timeline:
Dogecoin experienced a massive rally in late 2020, which extended into January 2021.
If history repeats, Dogecoin could see similar bullish action in January 2025.
Master Kenobi, another crypto analyst, speculates that could rebound around Donald Trump’s potential inauguration in January 2025, buoyed by the active involvement of the Department of Government Efficiency (DOGE).
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Will Dogecoin Reach $1?
While $1 remains a dream for many $DOGE holders, analysts like Behdark believe the milestone might not be achievable during this cycle. However, with its strong community and historical momentum, Dogecoin has proven time and again that it can defy expectations.
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Where Does Dogecoin Stand Now?
According to CoinMarketCap, Dogecoin is trading at approximately $0.31, down 2% in the past 24 hours. The price is caught between bearish sentiment and the anticipation of a potential rebound.
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Final Thoughts
Dogecoin's journey is far from over. While the bearish Wave F presents challenges, it also offers opportunities for savvy investors to accumulate at lower levels. With the four-year cycle theory providing a glimmer of hope, Dogecoin's next big move could be just around the corner.
🚀 Will you ride the wave or wait on the sidelines?