I've been analyzing Dogecoin's technical movement, and it's showing a promising three-wave uptrend from its October low. However, I have concerns about the third wave's momentum – it's surprisingly weak.
This weakness raises doubts about the viability of the current uptrend. Despite this, I'm projecting a potential Wave 5 to reach $0.138-$0.149. Nevertheless, the microstructure remains unclear, leaving room for deviations.
As long as Dogecoin stays above the critical support level of $0.10, another rally remains possible. I'll continue monitoring the situation closely. Key numbers to watch: $0.10 (support) and $0.138-$0.149 (Wave 5 target).
$DOGE #MemeCoinTrending #BTCSoarsTo68K #BTCUptober #Dogecoin #DOGE