Dogecoin’s Volatility Rises as Price Targets $3

y a deeper Fibonacci contingency at 0.5 ≈ $0.04206 and 0.618 ≈ $0.02142, while the descending triangle cap tracks toward the mid-$0.30s into 2025.

A horizontal supply band around the high-$0.17s to low-$0.21s aligns precisely with Daan’s intraday gates—$0.17789 to hold and $0.21817 to break—underscoring why the current standoff at ~$0.196 carries outsized signaling value. Hov’s terminal projection box sits in the $2.20–$3.00 area, with a measured extension annotated at −0.236 ≈ $2.826, marking the heart of the upside target range if the triangle resolves impulsively into a wave (v).
The path to that upper box requires sequential confirmation. First, DOGE needs a decisive break and hold above $0.21817 to print a local higher high and exit the 4h range. Second, it must convert that reclaimed band into support on retest while working through overhead supply toward the weekly triangle’s descending trendline in the ~$0.30–$0.35 corridor.
Only a clean breach of that macro lid—with price action transitioning from corrective to impulsive—opens sustained travel toward the $2.20-$3.00 objective cluster. Failure to defend the micro base at $0.17789 would flip the script, risking a drive back into the weekly demand zone at $0.090–$0.06 and, in an extremely bearish scenario, probing the deeper Fibonacci rails at ~$0.042 and ~$0.021.
At press time, DOGE traded at $0.196.

Dogecoin is currently hanging on a precarious edge as it navigates both a tight 4-hour range and a larger weekly triangle, setting the stage for an imminent surge in volatility. With key price levels looming, traders are closely watching to see which direction the meme-coin will take next.

According to an analysis by Daan Crypto Trades, Dogecoin is trading near $0.19585, with crucial levels to break at $0.21817 and to hold at $0.17789. The cryptocurrency is currently within the mid-zone of the range, following a rebound after a significant drop. Maintaining the higher low established last Friday is vital for Dogecoin to sustain its positive structure.

Daan emphasizes that Dogecoin’s current position serves as a barometer for the overall market sentiment. Breaking above the local high would signify a significant shift and potentially mark the end of the consolidation phase. Conversely, a breach below last Friday’s low could indicate a short-to-mid-term bearish trend. The key levels at $0.21817 and $0.17789 will determine whether the bull or bear camp gains control.

Looking at a broader perspective, Hov analyzes a weekly Wyckoff schematic, predicting that Dogecoin is working through a macro triangle labeled (a)-(e), with (c)-(e) phases leading to a potential surge. Although Dogecoin experienced a corrective phase followed by a substantial sell-off, it managed to stay above the lower support level, hinting at a possible upward trajectory in the near future.

The macro demand box spans from approximately $0.06 to $0.09, with Fibonacci levels at $0.04206 and $0.02142 outlining potential support zones. The descending triangle points towards the mid-$0.30s by 2025, aligning with Daan’s intraday levels. Hov’s terminal projection box sets a target range of $2.20-$3.00, with a possible breakout if Dogecoin transitions to an impulsive wave.

In conclusion, Dogecoin’s price action is at a critical juncture, with $0.21817 and $0.17789 serving as pivotal levels to watch. A decisive move above $0.21817 could signal a bullish breakout towards the $2.20-$3.00 range, while a failure to defend $0.17789 might lead to a deeper pullback. Traders are eagerly anticipating the next moves to determine Dogecoin’s future trajectory in the crypto market.