Crypt analysts Behdark has predicted that the Dogecoin price could suffer a large crash and send it below $ 0.30. However, analysts also provided good news because Dogge is expected to witness a massive recovery when it drops to this price level.
Dogecoin price to crash to $ 0.26 and then recover
On one TradingView PostBeark predicted that the Dogecoin price could crash to $ 0.26 and then recover on the next wave to the upside. The analyst mentioned that Dogecoin is likely to experience Some fluctuations Before the main Meme coin enters the baisse -like wave that drives its price to as low as $ 0.26.
Provided a more detailed analysis of this DODECOIN prize preparation, Hdark pointed out that Doge seems to have entered a ABC Correction. He further revealed that Dogge is currently in wave B, which seems to form a diametric pattern. Analysts added that Dogecoin is currently at the beginning of Wave G, which is the last wave for this pattern.
Beark stated that a baisse -like wave C is expected to form when wave B is complete, which will drive the Dogge price to $ 0.26 level. He explained that significant liquidity is being hunted in this area, which is why Dogge could sink to as low as it. Analysts then pointed out that Dogecoin can also form a higher height from this zone.
The analyst’s associated chart showed that the Dogecoin prize could witness a massive bounce from $ 0.26 level and rise to as high as $ 0.5. This trait can eventually pave the way for dogecoin to reach a new All-Time High (ATH).
Doge repeats a historical pattern
In an X post, crypto analyst Master Kenobi revealed that the Dogecoin price repeats a historical pattern. The analyst noted that, like December 2023, December 2024, also saw a local top after a pump that began at the end of October. He added that both prize pumps in 2023 and 2024 originate from a boring, lateral zone that began at the end of August.
Since the initial zones and duration are identical in both situations, Master Kenobi predicted that what follows the next will resemble the price measure in 2023. Based on this, he pointed out that an important pump is imminent for the Dogecoin price. A repetition of 2023 Price measure can lead to a 3x increase.
However, the analyst suggested that Doge could enjoy more than a 3X price increase this time as the first phase of this current price measure is stronger than in 2023. An increase of 3X would still be enough to send the Dogecoin price above Psychological $ 1 level. Master Kenobi predicts that this pump would happen during the first days of February and closes after March 1.
At the time of writing, the Doge price is traded at about $ 0.315, a decrease in more than 10% over the past 24 hours, according to data From Coinmarketcap.
Trained Image from Adobe Stock, charts from tradingview.com
