Key ideas::
- DOGECOIN was in the ABC correction phase with a drop in the C wave projected in the area from $ 0.24 to $ 0.27.
- The analyst predicted that Dogi would rebound from a support of $ 0.24 before starting a significant gathering.
- DOGE is negotiated at $ 0.3492, forming the B wave, with $ 0.40 as a key resistance before correction.
According to a recent analysis, the same money, Dogecoin (Doge), was in the market correction phase. At the time of the press, the Dogecoin price exchanged $ 0.3,534, a 3% drop in the morning negotiation session yesterday.
This price change can be awarded to the overall retrace of the cryptocurrency market. The Doge price culminated at $ 0.41 on December 11, 2024.
The cryptography market has demonstrated price stability. This is particularly true since President Donald Trump published an executive decree to establish regulatory limitations.
ABC correction and current price resistance
TradingView Behdark analyst suggested that the Dogecoin price remains in its current ABC correction model. Mediating prices Culminated in December before entering wave B of this corrective phase while demonstrating brief recovery signals.
Analyst Behdark believes that the increase in upward pressure will propel the price of the Doge to the resistance point of $ 0.40 at the end of January. The ABC correction has shown that wave B developed a distinct model in the expert analysis.
Data revealed short -term price increases will probably trigger the prices of the C. Vague C. The C vague C can potentially take the price of Dogecoin in the “Yellow Zone”. There, concentrated liquidity dominated between $ 0.24 and $ 0.27.
Planned withdrawal and recovery potential
After the resistance to wave B reaches $ 0.40, Behdark expects an upcoming bearish movement. The increase in waves could push the price of Dogecoin in a range of $ 0.24 to $ 0.27.
The analyst has highlighted this price area as an essential place for Doge to develop new price peaks during probable upward oscillations. In the vital “yellow zone”, liquidity accumulates to stimulate the potential purchasing momentum.
Other analysts, such as Moein Haddadian, have found an upward trend channel on the daily graphic of Dogecoin. This indicated a potential growth in Doge prices in the future.
The support level of $ 0.2393 has maintained sufficient force for Haddadian to plan to test the Doge of the upper limits of the ascending canal. The behavior of the Dogecoin price in the designated yellow area of Behdark corresponds to the evaluation.
Analysis of wider waves of Dogecoin prices and future perspectives
Behdark analyzed the Dogecoin Prize in December 2024. He was on an upward trend with symmetrical wave models for several years. This phase is likely to be down, with a duration trend between 196 and 347 days.
The additional evolution of the F wave will develop in the long -term trendy green area between $ 0.15 and $ 0.20. The analysis of the waves also stressed that DOGE requires continuous weekly price increases above the level of invalidation of the key green zone.
Do not stay above the level of invalidation endangers the optimistic forecasts for this cycle phase. More, a recent file for the Dogecoin Etf in the Bit direction Validates upward prediction.
The expected regulatory approval will open the market to institutional investment. Supporters believe that this will arouse the growth in Doge prices.
According to analyst Ali Martinez, the next Dadecoin price trajectory points around $ 15 with an ascending channel. At the same time, a sustained accumulation leads to this positive perspective.
Non-liability clause
In this article, the opinions and opinions set out by the author or any person appointed are for information purposes only, and they do not establish the investment, the financier or any other advice. Trade or investment in cryptocurrency assets presents a risk of financial loss.
