Dogecoin is showing two very different signals as its macro chart points to a possible all-time high retest, while the four-hour chart warns of another leg lower.
Javon Marks says $DOGEs higher-low structure could support a move back toward $0.74, but MCO Global says the latest bounce looks corrective and resistance near $0.092 remains key.
Dogecoins Higher-Low Pattern Points to ATH Retest, Analyst Says
Dogecoin may be following the same macro structure that fueled its previous bull market rallies, according to crypto analyst Javon Marks. The analyst argues that $DOGE continues to print a series of higher lows on the higher time frames, a pattern that has historically preceded major upside expansions.
$DOGE/USD 2-Week Macro Structure Chart. Source: Javon Marks (@JavonTM1)
The two-week chart highlights a recurring cycle in which Dogecoin forms a descending consolidation pattern before establishing a higher low and breaking into a new upward trend. Similar structures appeared before the major rallies that pushed $DOGE to record highs in previous market cycles.
According to Marks, the current setup remains consistent with that long-term pattern. Despite the extended pullback from recent highs, Dogecoin continues to hold above its previous macro support levels, preserving the series of higher lows that defines the broader uptrend.
The analyst believes this structure leaves room for a move back toward Dogecoins all-time high near $0.74. A return to that level from current prices around $0.084 would represent a gain of more than 730%.
However, the bullish scenario remains dependent on $DOGE maintaining its higher-low structure and avoiding a breakdown below long-term support. Until a breakout is confirmed, the pattern remains a technical projection rather than a completed move.
For now, traders are watching whether Dogecoin can continue defending support and follow the same cycle path that previously led to significant rallies.
Dogecoin Faces More Downside as Corrective Bounce Fails, Analyst Says
Dogecoin may still have one more move lower before a stronger relief bounce begins, according to MCO Global.
In a post on X, the analyst said $DOGE faces resistance near $0.092 and that the latest rebound unfolded in three waves, suggesting it was corrective rather than the start of a new bullish trend.
$DOGE/USD 4-Hour Elliott Wave Chart. Source: MCO Global (@moretradingonl)
The four-hour chart shows $DOGE trading near $0.083 after failing to reclaim short-term resistance. According to the analyst, the market may still be completing wave 3 of wave (5), which could allow one more low before wave 4 begins.
If $DOGE breaks lower, traders may watch support near $0.058, followed by deeper levels around $0.052 and $0.047. However, a move back above $0.092 would weaken the bearish setup and suggest buyers are regaining control.
For now, the chart points to short-term caution, with $DOGE needing to reclaim resistance before a stronger recovery can be confirmed.