Analyst Says Dogecoin Is Yet To Complete 5th Wave, Here’s How High It Must Go

Quick Summary:

Dogecoin has continued its weekly decline into the past 24 hours, with the price action looking like a continued consolidation below $0.35, at least in the next few days.

With this in mind, @btcbalo cautioned that the bear market after Dogecoin’s price peak could be severe, warning traders against excessive greed.

If the wave count holds true, DOGE may continue to grind higher gradually throughout 2025, possibly extending its gains well into 2026 before completing the cycle.

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets: Hungary

Topics: Doge price Dogecoin Doge Elliot ABC Corrective Phase Dogeusdt Dogeusd Dogecoin news DOGE news Btcbalo Dogecoin price Dogecoin Elliot Wave Theory

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-01 @ 16:30:33 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 464 words

Reading Time: 3 minutes read

Sentences: 30 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 25697845

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