The Dogecoin price has declined by over 21% in the past month and is currently consolidating around $0.3. A crypto analyst has identified a Cup and Handle pattern in Dogecoin's price chart, suggesting that the meme coin could experience a significant price correction and potentially drop below $0.2. The analyst predicts a price crash once Dogecoin completes Wave 4 of its Elliott Wave structure. However, the analyst also believes that this correction could pave the way for a powerful rebound, with Dogecoin entering Wave 5 and potentially rallying to the $1 mark. It is noted that if Dogecoin achieves a local high instead of continuing its projected correction, the Cup and Handle pattern will be invalidated.



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