Dogecoin BTC pair hits 68-day low, traders target $0.07

DOGE/BTC breaks support to a 68‑day low. Bears now watch the USDT pair for confirmation toward $0.07.

Analyst Umair Crypto reports a sharp breakdown in the Dogecoin/Bitcoin pair, with critical support lost and a 68‑day low printed. A drop below 1.57% would set a fresh 180‑day low, reinforcing the bearish bias source.

The USDT pair has not confirmed a broader sell‑off yet. Traders are waiting for a clear range break to press shorts, with primary downside targets near $0.07 NewsBTC.

Macro view via Elliott Wave. CG Trades notes a 2024 surge of nearly 500% off lows, roughly 6x overall and about 5x from the flagged weekly breakout entry source, NewsBTC.

Since December 2024, momentum flipped. Dogecoin has tracked the broader altcoin cool‑off and pulled back with the market NewsBTC.

CG Trades’ count places Wave 1 near the Jan‑2018 alt peak, Wave 2 at Mar‑2020, Wave 3 in May‑2021, and Wave 4 either completed in Jun‑2022 or finalizing near the $0.061349 support. A sustained monthly close below $0.061349 would invalidate the macro bullish case source, NewsBTC.

Wave 5 projection points to a potential move toward $1.41 in the next expansion, contingent on the structure holding above key support source.

Key levels and triggers:
- DOGE/BTC below 1.57% sets a 180‑day low source.
- USDT range break opens $0.07 targets NewsBTC.
- $0.061349 remains the invalidation line on a monthly close NewsBTC.
- Wave 5 upside mapped around $1.41 if structure holds source.