Dogecoin sits on a knife-edge defined by a tight 4h range and a larger weekly triangle—two structures that now bracket the next volatility expansion.
Two Dogecoin Price Levels Are Crucial Now (4H Chart)
On the intraday chart shared by Daan Crypto Trades (@DaanCrypto), DOGE trades near $0.19585 with a clearly marked “level to break” at $0.21817 and a “level to hold” at $0.17789. Price is orbiting the range’s mid-zone after a post-flush rebound, while the higher low carved last Friday remains the pivotal defense that keeps the structure constructive.
As Daan put it, “DOGE Gives a good overview of the state of the market. Since the big flush, we had an initial bounce. Not many coins are trading at that area but instead formed a range. Higher lows were made last Friday and prices are now right in the middle of it all.”
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Daan’s trigger is unambiguous and explicitly cross-asset. “Breaking above that local high, which corresponds with $BTC ~$116K, would mark a new higher high locally and likely an end to this consolidation for some time.”
By contrast, his risk line is equally crisp: “Breaking below last Friday’s low and losing the range, would not be a good look in the short-mid term. Right now, most coins (including Bitcoin) are right in the middle.” Tactically, that pins DOGE’s bull/bear resolution to a close through $0.21817 on the upside or a clean violation of the $0.17789 shelf on the downside, with the local higher-low from Friday serving as the market’s fail-safe.
How DOGE Could Hit $3
The weekly Wyckoff schematic from Hov (@HovWaves) situates the same battle inside a macro triangle labeled (a)–(e), with the current sequence working through (c)–(e) before a terminal thrust higher. Hov notes the character of the bounce and the depth of the retracement that preceded it: “Well we were right. DOGE was corrective off the low and sold off for over 50% (threaded). Like I mentioned in the last update, the macro triangle was the higher probability outcome.”
The downside test “didn’t quite make it into our lower support level,” he adds, and “so far the move off the low is pretty corrective looking,” before concluding, “We’ll need to watch how this develops over the next week or so to see if our C wave is in.”
Those levels are visible on the chart. The macro demand box spans roughly $0.06–$0.09, bracketed by 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.
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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.
Featured image created with DALL.E, chart from TradingView.com