Dogecoin\u2019s structure \u201cis still trying to turn around,\u201d according to a market technician More Crypto Online who argues that both the higher-time-frame and intraday counts now permit a constructive path toward $0.60\u2014provided a handful of support and breakout thresholds hold. In a new video<\/a>, the analyst describes a market that is \u201cprinting higher highs and higher lows,\u201d but cautions that the advance is \u201cchoppy, slow\u2026 boring and very fragile,\u201d language that underscores how conditional the bullish setup remains.<\/p>\n On the daily chart, the crux of the thesis is the integrity of August\u2019s corrective low, labeled as the wave-2 pivot. \u201cFrom a daily chart point of view [price] should really\u2026 ideally hold above the wave 2 low that formed here in August,\u201d the analyst says, calling that local invalidation line at $0.189.<\/p>\n A decisive violation would force a re-marking of the larger structure: \u201cIf we break below this red line, the idea that a B-wave bottomed in June will have to be revised.\u201d Even so, the commentator preserves a secondary bullish path<\/a>, noting that an extended B-wave could still be in play as \u201ca broader A-B-C structure,\u201d with the market attempting another reversal \u201cfrom the lower support area\u201d thereafter.<\/p>\n Upside conviction rotates around September\u2019s swing high. \u201cOnce we break above the last swing high from September, we might be on our way to $0.49+,\u201d the analyst says. That level functions as the first high-time-frame gateway: a clean breach would confirm that the move out of the September trough has transitioned from corrective to impulsive character, validating the notion that June\u2019s B-wave low has already printed.<\/p>\n The lower-time-frame evidence is doing some heavy lifting. On the one-hour chart, price action out of the late-September base is described as a motive sequence: \u201cThe move to the upside from the September low appears to be a five-wave move up. This allows for the interpretation that we have already bottomed in the B-wave.\u201d The decline from the September 13 local high is, in contrast, framed as a completed three-leg retracement.<\/p>\n If that count holds, the present pullback should remain corrective and terminate above clearly defined micro levels: \u201cUpper micro support is between $0.23 and $0.245 with an additional key level\u2026 at $0.233,\u201d the analyst notes. The condition is crisp: \u201cIdeally we\u2019re holding above $0.23 in this pullback. If we see an impulsive reaction from here to the upside, then this could be the beginning of a third-wave rally up.\u201d<\/p>\n Risk management and location remain central. The broader support shelf that cushioned September\u2019s local bottom sits above the daily invalidation line and is expected to remain active on any deeper shakeout<\/a>: \u201cThis support area is still relevant\u2026 we might get another test\u2026 probably in the area around $0.21 to $0.20,\u201d the analyst says, adding that this band nests within the larger $0.227\u2013$0.20 zone. Lose $0.23 decisively and \u201cit increases the probabilities that we are still caught in this B-wave,\u201d he warns\u2014a shift that would postpone, not nullify, the bullish roadmap so long as $0.189 endures.<\/p>\n What would carry Dogecoin beyond $0.49 toward the headline target of $0.60? The blueprint the analyst lays out implies an impulsive third-wave advance once micro support holds and September\u2019s swing high gives way. In classical Elliott terms, a confirmed third wave often stretches beyond the initial motive leg, and the technician explicitly flags the setup: \u201cIf we see an impulsive reaction\u2026 this could be the beginning of a third-wave rally up.\u201d<\/p>\n Moreover, the $0.49 handle\u2014identified as the first destination after a breakout\u2014would be a staging area rather than a terminus. After a fourth wave correction, DOGE could start a fifth wave which the analyst places in the $0.60 region.<\/p>\n The message, however, is emphatically conditional rather than euphoric. \u201cIt\u2019s always important to zoom out,\u201d the analyst reminds viewers, stressing that while Dogecoin is \u201cmoving up step by step slowly,\u201d the advance is not yet an emphatic impulse<\/a>.<\/p>\nDogecoin Breakout Loading<\/h2>\n
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