The late merchant sees Dogecoin in a “boring phase”, predicting an escape from $ 1.30 in the coming weeks.
Dogecoin has remained very volatile, responding to broader market trends and community cycles, pricing oscillating approximately $ 0.25.
Despite a drop of 31.2% in the last month, the asset posted an annual increase of 198.3%, reflecting the long -term momentum. Analysts, whose late delay, closely monitors its price movement, expecting significant overvoltages in 2025.
Potential fringing in the price of Doges
Current consolidation phase of Dogecoin, describe As a “boring phase” by the pseudonym trader of the late analyst, reflects a past cycle. For the context, between December 2024 and February 2025, the asset exchanged in a range of $ 0.2 to $ 0.3.
A similar period of stagnation occurred in June-November 2017 before Dogecoin had an increase of almost 15 times, reaching $ 0.0,15 within two months.
Based on historical trends, the analyst suggests that a major price study could follow this current phase. He projects an escape greater than $ 1.30 after March 2025.
Elliott Wave analysis suggests optimistic perspectives
Other market analysts, including Doge Lord, anticipate a prolonged rally For Dogecoin. An observer highlighted an Elliott wave structure, pointing to a substantial increase. According to this analysis, Dogecoin launched an Elliott five wave model in January 2024.
The first wave saw the asset climb to $ 0.2288 by March 2024, followed by a drop at $ 0.0805 in August 2024 during wave 2. Subsequently, wave 3 propelled the price At a four -year summit of $ 0.4843 in December 2024.
Despite a major correction, Dogecoin remains in the third wave. The analysis of Doge Lord anticipates a rebound towards the Fibonacci level 1. This is aligned on a summit of 1.1293 of all the expected time, marking the completion of wave 3.
Meanwhile, a decline in the fourth wave could make Dogecoin below $ 1, potentially reaching $ 0.7702 before finding support. According to the analyst, the final wave could push the price to the extension level of 1.618 Fibonacci, aligning with a target of $ 6.08.
Long -term potential for dogecoin
Other analysts maintain an optimistic perspective, considering recent price reductions as an opportunity to purchase. An eminent analyst, Xforceglobal, has underlines The historical performance of Dogecoin and cyclical models, indicating a strong possibility of a significant rise in trend.
Meanwhile, an analysis of February 18 of the Korean expert certified by the waves Elliott suggested that the action of the Dogecoin prices aligns with the previous cycles, Strengthen expectations for an increase of 5 times to 10x.
Difles: This content is informative and should not be considered financial advice. The opinions expressed in this article may include the author’s personal opinions and do not reflect the basic opinion of cryptography. Readers are encouraged to do in -depth research before making investment decisions. The Crypto Basic is not responsible for financial losses.