Overview
- An hourly bull pennant has emerged after an impulsive move, with declining volume and tighter ranges that technicians say favor continuation if resistance breaks.
- On the weekly chart, DOGE remains within a descending corrective channel but shows stabilization near the lower half, suggesting waning downside momentum.
- CoinCentral cites market data placing price near $0.1268, reflecting modest intraday gains and relative resilience compared with double-digit weekly declines across other meme tokens.
- A Jan. 21 Elliott Wave roadmap from Crypto Patel outlines conditional upside levels at roughly $0.28, $1, $2, and $4, with the thesis invalidated by a weekly close below $0.06.
- Analysts highlight a fractal resemblance to the 2013–2018 cycle, a Fibonacci support cluster, and a prior breakout with bullish RSI divergence that could support a developing reversal if sustained.