Dogecoin has garnered attention as it approaches its all-time high (ATH) of $0.75.
Crypto analyst Behdark suggests that Dogecoin is entering a bearish phase, wave F, which could result in a price drop to $0.15. This analysis is based on historical patterns observed in previous corrective waves. If this trend continues, wave F could last until late 2025.
Other analysts have more optimistic predictions, foreseeing a potential rally to double digits before mid-2025. After wave F concludes, Behdark anticipates a transition to wave G, which is expected to be bullish and could push Dogecoin's price to around $0.80. However, reaching the $1 mark may be challenging. Diverging opinions among analysts reflect the uncertainty surrounding Dogecoin's price trajectory.
The current market position shows Dogecoin trading at around $0.31, with a 2% decline in the last 24 hours. The volatility associated with wave F presents both challenges and opportunities for traders. As the cryptocurrency landscape evolves, the interplay between bearish and bullish sentiments will continue to shape Dogecoin's price trajectory.
It is important for investors to stay informed and consider expert analysis when making investment decisions.