Dogecoin Price Expected to Drop to $0.15 Before Potential Rally
Crypto analyst Behdark analyzed the Dogecoin price roadmap leading to its current all-time high (ATH) of $0.75, indicating a potential significant correction before reaching this peak again.
Dogecoin Price Next Wave Is Bearish
In a TradingView post, Behdark stated that Dogecoin appears to be entering wave F, a bearish phase. The previous corrective waves lasted between 196 and 347 days, suggesting wave F may follow a similar timeline.
The analysis indicates that Dogecoin could drop to as low as $0.15 during this correction, which is expected to be highly volatile. This wave might not conclude until November 2025.
After wave F, Dogecoin will transition to wave G, projected to be bullish, potentially reaching around $0.8. However, achieving the psychological $1 mark may remain elusive.
A weekly candle below the invalidation level at $0.12 would invalidate the buy outlook for the zone between $0.15 and $0.20. Behdark's perspective contrasts with analysts like Trader Tardigrade, who predict a rally to double digits by mid-2025.
Behdark also suggests that the $1 target may not be reached in this market cycle, despite ongoing speculation since Dogecoin's parabolic rise between October and November.
Four-Year Cycle Still In Play
Analyst KrissPax presents a more optimistic view, stating that the four-year cycle remains relevant. He noted a historical pattern where Dogecoin surged in January 2021 following an uptrend in late December 2020, suggesting a possible repeat.
Analyst Master Kenobi previously indicated a rebound might occur in January 2025, correlating with historical trends from the 2021 bull run. He suggested a new ATH could align with Donald Trump’s inauguration, especially with the formation of the Department of Government Efficiency (D.O.G.E).
As of now, Dogecoin is trading around $0.31, down nearly 2% over the last 24 hours, according to data from CoinMarketCap.
