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Dotecon continues to look towards a rebound despite the feeling of the market. This was reinforced by the increased market participation and the increase in the price of bitcoin during this period. While the bulls continue to dominate the market now, it could mean the end of the downward trend that started in January 2025, and the start of a recovery that could see the price of Dogecoin reaching new heights of all time.
Dogecoin Price hits a new background
According to Ananda, the analyst of pseudonym cryptography, the price of Dogecoin goes through a classic dynamic of resistance transmission, which could trigger a gathering. It started in 2024 when the Dogecoin price struck new local heights, but since the price of Dogecoin is negotiated to what should be the background of 2025, this could be good news for the memes piece.
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As the crypto analyst points out, the Dogecoin price has undergone a perfect 3-3-5 correction model based on a complex ABC wave. At the same time, market action, as well as fibonacci levels, could show the end of this correction. The thing about these types of corrections is that once they are finished, a vague impulse tends to follow, which turns out to be a wave, most often.
“After the bullish cycle of the end of 2024, Dogecoin entered a conventional correction,” said Crypto analyst. “This correction began on the 08-Dec. session. ’24 and ended at 07-April. ’25, the support was found in the medium consolidation range at the end of 2024 and the resistance zone. ”
Where is the price from here?
With a break that should follow the end of the ABC correction, the following targets were placed more than 100% by the crypto analyst. As Master Ananda explained, the Dogecoin Prize is currently on the verge of maximum bullish moment and growth. As such, there is a greater chance that the resulting overvoltage can trigger an increase towards high levels of all time.
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However, on the shorter delay, the Crypto analyst highlights a possible increase of 333% from here. This would put the price of Dogecoin above $ 0.4 and at the same time, put it on a track to beat $ 0.7 at the end.
In addition, the Crypto analyst stresses that the lack of action on the graph, as well as the volume of mute trading, suggests that it is still very early for Dogecoin. When he ends up moving, he should explode, especially as the main piece of memes. “Dogecoin is still negotiated at lower prices, it goes for that, it is not too late,” said crypto analyst during the fence.
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