Overview
- Dogecoin trades near $0.19 after roughly a 20% decline in October, with chartists watching a long compression in price.
- Elliott Wave analysis from The Penguin suggests a transition into Wave 5 with a cycle target around $1 and speculative extensions to $3–$4.
- Trader Tardigrade highlights RSI basing at levels seen before past rallies and a multi‑month triangle after a brief support undercut, with a plotted path toward about $0.8 if momentum builds.
- Ali Martinez notes a TD Sequential “9” buy signal on the 12‑hour chart, as traders watch support at $0.182–$0.185 and resistance at $0.192–$0.20.
- A TradingView study links DOGE’s behavior to the Russell 2000 with a tentative $1.50 projection by 2026, with analysts cautioning that liquidity and retail interest will determine any sustained breakout.