Dogecoin is about to take off? The plunge may have hit bottom, and the next super rebound is brewing!

ELON 2025-11-1 00:19 21424人围观 DOGE

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Recently, the price of Dogecoin (DOGE) has experienced a continuous decline, and many investors have begun to worry: Is the bull market over? In fact, judging from the latest technical analysis, this round of decline may be coming to an end, and Dogecoin may be preparing for the next round of rise.

🚨The price fell to the key area, and the power of shorts gradually weakened

According to analysis by Elliott Waves Academy, Dogecoin is currently completing a very important price channel pattern. To put it simply, this form is like a "track" in which the currency price fluctuates up and down, and every time it touches the lower track or the upper track, it often means that a new direction is coming.

Currently, the price of DOGE is very close to the bottom of this channel, which is the "support zone." From a technical point of view, as long as there is no new strong selling, this is likely to become a stage bottom.

The academy’s analysis also mentioned that the current decline of Dogecoin belongs to the “fifth wave” in a larger cycle. This sounds a bit complicated, but it actually means: the last leg of this round of decline is almost over. In other words, if the key support level can be held in the future, then the downward trend has a chance to end here.

💡Key price: $0.1843

Elliott Wave Academy notes that key support is currently located at $0.1843646. As long as the price no longer falls significantly below this level, selling pressure is beginning to subside.
Once this phase of the decline comes to an end, Dogecoin is expected to usher in a corrective rebound, which is a short-term upward trend.

This does not mean that Dogecoin will take off immediately, but that after the market completes a process of "washing up" and "accumulating strength", funds and emotions will have the opportunity to flow back. For short-term investors, this stage may be a reversal signal worth paying attention to.

🔍Market undercurrent: Bulls are gathering strength

In addition to the analysis of the wave theory, another well-known market observer EᴛʜᴇʀNᴀꜱʏᴏᴴᴀL also expressed his own views. He believes that the current trend of Dogecoin is actually very similar to the previous market cycles - after each sharp decline, it will fluctuate and consolidate in the key support area, and then start a new round of rise.

He said that although the current Dogecoin has not really broken through, the buying at the bottom is slowly increasing, which means that funds are quietly entering the market. This is usually an early signal that the market is about to reverse.

EᴛʜᴇʀNᴀꜱʏᴏᴴᴀL also specially reminds investors:

“Patience is the most important quality before Dogecoin’s next round of rise. ”

Judging from past experience, Dogecoin often goes through a period of sideways trading or correction before each big rise. This period of time may seem "boring", but in fact it is a stage where the main force and smart money are quietly making arrangements.

🧭Future Outlook: Patiently wait for breakthrough signals

Based on the current technical aspects and market atmosphere, although the short-term trend of Dogecoin is still volatile, the overall structure has gradually stabilized.
Once the price stabilizes above $0.184 and breaks out of the short-term pressure zone around $0.20, that could be the starting point for a new uptrend.

However, it should be noted that such a reversal is usually not completed within a day or two, but will go through a process of shock and bottoming. For ordinary investors, what is more important now is:

Be patient and don't buy or sell frequently amid mood swings.
Pay attention to the key support areas to confirm whether the currency price has truly stopped falling.
Wait for the breakthrough signal before considering follow-up layout.

✨Conclusion: After the storm, there may be a new starting point

Looking at the overall trend, Dogecoin has not lost its upward potential. It is still one of the most popular "meme coins" in the crypto market. It can attract a lot of attention and funds in every big market trend.

Now, as prices edge closer to bottom support, the market's selling sentiment is waning and potential buying is building. Perhaps in the near future, Dogecoin will usher in a surprising rebound.

So, as analysts say – until Dogecoin really takes off, the most important thing is patience.