Dogecoin (DOGE) Wave 5 Sets $1.41 Target as Analysts Watch Support

Dogecoin (DOGE) is trading around $0.09397 as analysts use Elliott Wave Theory to argue DOGE could be preparing for a breakout. Crypto analyst CG Trades maps a potential Wave 5 target at $1.41 (about a 15x gain from current levels) and points to a larger Wave 4 structure that would support the next leg higher. CG Trades also presents an alternate path: if Wave 4 hasn’t fully completed, DOGE could revisit the $0.061349 support zone. A monthly close below $0.061349 would invalidate the bullish scenario. Market analyst Ali Charts highlights a “coiling” accumulation band between $0.060 and $0.090, suggesting smart money may begin accumulating there. DOGE is currently near the top edge of that range, making a bounce or breakdown important for traders. Recent context: DOGE gained about 2.39% in the past 24 hours and 2.93% over the past week, after a longer drawdown since late 2024 alongside the broader altcoin market. For traders, the near-term focus is whether DOGE can hold above $0.061349 to keep the Wave 5 thesis alive, or whether a deeper retrace signals risk of further downside.