Crypto analyst Behdark says Dogecoin could fall a lot in price before it hits it’s old all time high of $0.75. More recently, Behdark has posted on TradingView sharing his bearish outlook for the cryptocurrency most recently stating a corrective wave range between 196 – 347 days and prices as low as $0.15.
This is one of the phases anticipated, wave F, part of a larger corrective formation which has been similar in duration previously. And the analyst says wave F, if it occurs, could last until November 2025 and will likely be quite volatile, just as was wave B and D previously. If it slips to $0.12, buy opportunities are invalidated from $0.15 to $0.20.
Dogecoin Faces Bearish Outlook
While this is a bearish prediction, Behdark hopes Dogecoin will rise in wave G, allowing the price to reach $0.8. But he warned that, during this market cycle, expectations to reach the psychological $1 mark in terms might not be realized.
Crypto analysts have voiced a mixed take after the analysis, however. According to Trader Tardigrade, Dogecoin could hit double digit valuations by mid 2025, KrissPax argues however that historical patterns are lining with Dogecoin’s cyclical trends.
The cryptocurrency John Krahn referred to was Kangeroo, which earlier this year had its first uptrend in a long time so he points out that a similar scenario to 2021 may be soon repeating. Master Kenobi, another analyst, also echoed the words of bulls and pitched a rebound to prices by January of 2025.
He tied the event to the Department of Government Efficiency (D.O.G.E.) initiative and the potential surge in connection with the very soon to be President Donald Trump’s inauguration speculating that the two would rally at the same time.
According to CoinMarketCap, Dogecoin is currently trading at $0.31 and has fallen 2 percent in the past 24 hours. The divergence between forecasts is ongoing as investors watch key support and resistance levels for clarity on where its price will head in coming months.
