Analysts Split On Dogecoin: Range Trading, Parabolic Breakout Hopes And Deep Correction Risk

Dogecoin has been moving between $0.119 and $0.151, with a brief rally to $0.156, and is now trying to reclaim the $0.1250 level after a recent 5% bounce. Some analysts say the current structure resembles past consolidation phases that preceded parabolic advances with gains of up to 215x, while others warn the coin is already in a bear phase that could bring a 50%-70% decline toward the $0.060-$0.035 area. As of the latest price action, DOGE trades around $0.125, roughly 1.4% lower on the week.