Dogecoin Price On The Edge: Breakout Or Breakdown—What’s Next?

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Dogecoin Price On The Edge: Breakout Or Breakdown—What’s Next? - NewsBTC

Quick Summary:

Related Reading: Dogecoin Could Collapse If This Support Fails, Analyst Warns Despite the intricate wave structure, the analyst points out there is "no clear confirmation of a bottom.” The price has been range-bound in the mid-$0.25 territory, lacking the momentum usually seen in robust trend reversals.

More Crypto Online underscores two primary levels overhead that could confirm a bullish reversal: $0.293 – Breaking above this zone may offer the first tangible indication that buyers are taking control and $0.341 – A close above $0.341 would serve as a stronger confirmation of trend reversal and likely invalidate current lower-wave counts.

In the latest leg downward, the analyst’s markings show a major swing low around $0.21–$0.22, which coincides with a potential wave (4) on the chart, although there is an "alt 4? ” label suggesting this may still be an alternative count which drags the DOGE price even deeper in one last correction.