Analyst Claims Dogecoin is Undervalued with Key Support Levels at $0.24–$0.18

Crypto analyst asif.eth suggests that Dogecoin (DOGE) is currently undervalued and may have completed its ABC corrective pattern. Key points include:

Dogecoin experienced a rise followed by an A-B-C correction, with the C wave potentially reaching a crucial support level.
The identified accumulation zone is between $0.24 and $0.18, seen as pivotal for demand.
A drop below $0.16 would indicate a need to exit positions, as it could invalidate bullish signals.
The Fibonacci golden pocket aligns with the key price region, supporting the argument for a potential rebound.
Lack of aggressive selling may indicate stability, with sentiment expected to shift if the ABC correction is confirmed as complete.

Current DOGE trading price stands at $0.25, emphasizing the importance of the specified support levels in decision-making.