Jan 21, 2026
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Dogecoin Targets 3,100% Rise with Potential Wave 5 Expansion
Dogecoin Price Analysis:
- Dogecoin has returned to a critical price level, showing similarities to patterns before its previous significant rally.
- The cryptocurrency is in a high-timeframe accumulation zone, potentially leading to a macro Wave 5 expansion with new price highs if support levels hold.
- The 2-week chart indicates completion of Waves 1 and 2, followed by a strong Wave 3. Currently, Dogecoin is in a Wave 4 corrective phase within a descending channel.
- This descending channel mirrors behavior prior to Dogecoin's major 2021 expansion, suggesting potential for upward movement.
- Dogecoin trades in a demand zone between $0.115 and $0.09, historically acting as the base for rallies, especially during the 2020-2021 period.
- If the descending channel breaks upwards, Wave 5 could target $0.28 initially, with extensions up to $4, indicating a possible 3,100% increase from current levels.
- A weekly close below $0.06 would invalidate the bullish structure and the Wave 5 thesis.
As of now, Dogecoin trades at $0.1247, with defined downside risks but potential for significant upside if the market conditions align.
