The leading meme coin, Dogecoin, may face further corrections before seeing new heights. Market analyst Behdark suggests that Dogecoin has entered an ABC correction phase, with a wave B forming as a bullish push. However, after reaching a resistance mark of $0.40, Behdark predicts a massive pullback with a bearish wave C likely to bring prices down to a "yellow zone" between $0.24 and $0.27. The analyst believes this correction is necessary before Dogecoin can experience a more significant rally. Another market watcher, Moein Haddadian, points out that Dogecoin is forming an ascending triangle and expects it to push towards the upper boundary of the triangle if support at $0.2393 holds. As of now, Dogecoin is trading at $0.3491 within the Wave B of Behdark's analysis.



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