Is Dogecoin Hugely Undervalued? Analyst Says ‘Now Is The Time’
A newly released video analysis by crypto commentator Asif.eth (@Asifeth) shows that Dogecoin is currently trading at what he calls undervalued levels. he propose The explanation for why he thinks the coin is constantly corrected may have just ended – he explains a process through Elliott Wave Lens, more specifically the ABC correction mode.
Has Dogecoin completed ABC correction?
In his discussion, the analyst described how domycin showed a significant uptick, after which he saw the “first correction, then we got a higher B high, a higher low…and then we got C-type correction.”
He suggested that the final “C wave” could restore the token to a critical support area, noting: “This could be ABC, and the current correction is using RSI beyond the territory,” he believes it is a strong conditional purchase signal . Although he admits that it is possible to miscalculate waves, he insists that the structure points to a broad correction phase that may have been completed now.
The key price zone he identified dropped from $0.24 to $0.18, which he repeatedly called “very very good” places to accumulate Dogecoin. He called it a “huge supply turning to a huge demand zone” and noted that the token had previously flipped the same range several times between support and resistance.
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Despite his confidence in the bullish meaning of the region, he outlined $0.16 as he will see a strict cutoff, he will exit the Dogecoin position, noting: “If anyway… you’re all under $0.16 Below, you must sell the token because drops below that level may invalidate the entire level Bullish settings. His view is that if negative emotions suddenly accelerate, continuing to hold such altcoin with such critical support could cause traders to suffer deeper losses.
He also pointed to the so-called fib gold bag, from what he said Dogecoin’s last major low in August 2024 to subsequent price highs. By overlapping the backtrack of the Fibonacci, overlapping with the demand zone of $0.24-$0.18, he found consistent evidence that the market believes the band is key to the long-term structure of Dogecoin. He described it as “completely consistent with our highest supply zone,” explaining that such a convergence – combined with RSI reading beyond sales, could improve Price rebound.
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Although analysts mentioned that the “hype” factor for dogs has faded, he believes the lack of mainstream speculation is a positive signal, claiming that “no one will sell dogs like super positively, which can promote stability in the near future. It seems that this sentiment may shift sharply once the trader realizes that the coin bottoms out in ABC correction, especially in The broader market situation becomes more favorable.
He ended up reiterating the importance of paying close attention to these levels. He believes that the corridor of $0.24–$0.18 is the main accumulation zone, treating the price of 0.16 as a clear stop loss level in case the market breaks down, and believes that Dogecoin’s price action around these thresholds will confirm whether the ABC correction is actually done .
Recalling his own words: “Dogcoin looks very, very, very good in the entire market, and very very discounted”, he urged potential buyers to consider the risk to reward ratio of the coin when other traders expect to end. Because the coin era seems to be ignoring it.
At press time, Doge traded at $0.25.
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