Dogecoin price could reach $0.60, according to analyst predictions.

Dogecoin's Potential Trajectory

Dogecoin's structure is attempting a turnaround, with the potential to reach $0.60 if key support levels hold. The analyst highlights a constructive path, noting the formation of higher highs and lows, but emphasizes the fragile and slow nature of the advance. A critical point is the integrity of August's corrective low at $0.189; a breach would necessitate a re-evaluation of the market structure.

Key Support and Resistance Levels

Breaking above September’s swing high is crucial, potentially driving the price toward $0.49. This would transition the move out of the September trough from corrective to impulsive, confirming the B-wave low. The lower-time-frame evidence suggests a five-wave move up from the September low, supporting a bottoming of the B-wave. Upper micro support lies between $0.23 and $0.245, and ideally, price should remain above $0.23 during pullbacks.

Conditional Bullish Roadmap

Beyond $0.49, Dogecoin could initiate a fifth wave targeting $0.60, after a fourth wave correction. The advance remains conditional and slow, not yet an emphatic impulse. Maintaining a broader perspective and focusing on the gradual step-by-step movement is critical for understanding Dogecoin’s future trajectory. Risk management remains important, with key support around $0.21 to $0.20.