DOGE Shows a 0.5 Level At $0.154 and Points to 0.382 and 0.618 Zones

DOGE now trades near $0.154, and this point marks the 0.5 fib that came from the full move during the 2022 to 2024 rise.

DOGE may slide toward the 0.382 area at $0.117, and this point links with the second wave idea shown on the chart.

DOGE shows a wide field of levels between 0.236 and 0.618, and these points guide each stage of the new wave path.

DOGE holds near $0.154 after the weekly candle closed on the key 0.5 logarithmic Fibonacci level drawn across the full advance from the cycle bottom through the 2022 to 2024 rise. The chart shows a wide set of retracement points that now guide the structure of the next wave and mark the zones traders follow for future movement.

The main question now centers on the mid-range of this structure: will DOGE remain above the 0.5 level or shift toward the next lower band?

Chart Shows DOGE Sitting on the 0.5 Line

The weekly chart displays the full retracement field from 0 to 1.618. These levels show the relationship between the earlier impulse and the current pullback. DOGE reached the 0.5 line at $0.15428 and formed its weekly close above this point. The candle shows a touch of the level before a slight drift higher.

This 0.5 line sits between stronger retracement levels. The 0.618 level at $0.20210 marks a higher range that DOGE held earlier in the move. The 0.382 level at $0.11778 marks a lower band that appears in the comment on the chart. That comment notes that a second wave can move toward any of these lines when measured against the full first wave.

The alignment of these points creates a clear field across the chart. Each line has a numerical link to the earlier move and forms a step that can shape the next phase.

Traders Track the Lower Zones Linked to the Wave Two Theory

The post states that the chart is drawn with the idea that the late 2024 high marks wave one. Wave two can retrace to 0.618 or 0.5, or 0.382 of wave one. This places the present 0.5 level within the expected field of movement. The arrow on the chart suggests a possible drift toward the 0.382 area if the price weakens.

The 0.382 level sits at $0.11778, and the 0.236 line sits at $0.08433. These lower bands come from the same set of calculations across the full cycle line. The 0.136 and 0.047 types of levels appear deeper in the field but remain part of the full scale shown on the left side of the chart.

The upper field still holds its lines for longer-term cases. The 0.786 level at $0.29683 and the 0.886 level at $0.37314 sit near the upper half of the structure. The 1 level at $0.48434 marks the full top of the wave one calculation. A move toward those lines would require a return to the earlier upward momentum that came before the latest decline.

Full Fibonacci Field Creates the Map for the Coming Move

The chart creator notes that the retracement is created on a logarithmic scale to account for wide movements across multiple years. That approach places the levels evenly across the price history. The 1.272 level at $0.92045 and the 1.414 level at $1.24888 appear above the full 1 line and show later expansion targets. The 1.618 level at $1.99170 sits at the top of the scale and closes the full map.

DOGE trades near the center of this range and continues to move inside these defined points. The reaction around $0.154 will guide the coming weeks.