In his discussion, the analyst described how Dogecoin had exhibited a pronounced rise, after which he saw "the first A correction and after that we got a B higher high, higher low… and after that we got a C type correction.” He suggested that this final "C wave” might have drawn the token back into a crucial support region, remarking that "this could be ABC and the current correction is playing out with an RSI at oversold territory,” a condition he views as a strong buy signal.
He concluded by reiterating the importance of watching these levels closely.He sees the $0.24–$0.18 corridor as a prime accumulation zone, views $0.16 as a clear stop-loss level in case the market breaks down, and believes Dogecoin’s price action around these thresholds will confirm whether the ABC correction is truly complete.
Related Reading: Expert Predicts Dogecoin Price Recovery: Targeting New Heights Between $1.5 And $2 Although the analyst mentioned that Dogecoin’s "hype” factor has waned, he interpreted that lack of mainstream speculation as a positive sign, claiming "no one is selling Dogecoin like hyper aggressively,” which could foster stability in the near term.
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