DOGECOIN (DOGE), the memes of origin, found itself at the center of a renewed debate among analysts and investors.
Despite recent prices corrections, some market experts believe that DOGE is considerably undervalued, with a high purchase opportunity. Analyst Crypto Asif.eth (@asifeth) has describe A bullish scenario for Dogecoin, suggesting that the medal may have completed its corrective phase and could be Ready for a rebound.
Did Dogecoin finish his correction?
According to Aif.eth, the Dogecoin price movement follows an ABC correction model of the Elliott wave, a largely recognized technical analysis structure. He noted that DOGE had experienced a significant increase, followed by three corrective phases labeled A, B and C. The finals’ wave seems to have settled in a critical support range between $ 0.24 and $ 0.18, a area that the analyst describes as a “huge offer has turned into a demand zone.”
The Dogecoin price could bounce back for a bull movement in the support area from $ 0.24 to $ 0.18. Source: Asif.eth via x
“It is a very, very good place to accumulate Dogecoin,” he said, citing several cases where Doge overthrew this range between support and resistance.
Although confident in this Handy perspectivesHe also set a strict cut -up level at $ 0.16, warning that a drop below this threshold could invalidate the bullish structure. “If in any case, you strive by less than $ 0.16, you have to sell this token,” he advised, stressing the potential risk of deeper losses should persist.
Key technical factors supporting a DOGE rebound
Beyond the ABC correction model, the analyst underlined technical indicators Strengthening the case for a resumption of Dogecoin prices. One of these metrics is the index of relative resistance (RSI), which recently entered the territory of occurrence – a strong purchase signal in technical analysis.
DOGE could put the resistance of $ 0.31 after the statement of the occurrence market. Source: Jhonnybrah on tradingView
In addition, Fibonacci’s trace levels show that the current Doge price is aligned with a historically significant support area, further strengthening the argument for a rebound. “The golden pocket aligns perfectly with our superior supply area,” he explained, adding that such confluence increases the probability of a movement upwards.
Position of the DOGE market and potential catalysts
Dogine’s recent struggles are not unique in the meter parts sector. The wider market of cryptography has faced opposite winds, the volatility of Bitcoin influencing feeling through altcoins. However, DOGE managed to stabilize in the range from 0.25 to 0.40 $, show resilience Despite the slowdown.
For the future, several factors could act as catalysts for the appreciation of Dogecoin prices:
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Integration of Elon Musk’s X platform: the potential of Dogecoin to be integrated into the X payment system There remains a hot topic. If Doge wins a real utility as a switching currency or a payment option, the request could soar.
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Part market growth: the memes cryptography market is developing, with assessments of $ 100 billion. As the speculative interest returns, Doge could see renewed entries.
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Political influence: former American president Donald Trump’s return The political scene has created speculation around coins. With links relating to key figures in cryptographic space, regulatory clarity and wider acceptance of digital assets could benefit from Doge.
Is it the right time to buy Dogecoin?
Dogey with less than $ 0.50, some investors see this as a timely moment accumulate. Although its price remains largely speculative, the long-term case of Dogecoin depends on its community support and its potential adoption on the general public platforms.
Dogecoin (DOGE) was negotiated at around $ 0.25, down 4.06% in the last 24 hours at the time of the press. Source: Brave new room
However, analysts warn that DOGE’s dependence on media and feeling makes it intrinsically volatile. Those who envisage investment should remain aware of Key support and resistance levelsin particular the threshold of $ 0.16 which could determine Future Price Department.
Watch – Prediction and Dogecoin price analysis video
As the analyst said, “Dogecoin seems very, very good and very, very reduced on all this market.” It remains to be seen if Dog will shoot this configuration, but for the moment, market observers monitor Next movement.