<ul data-eligibleForWebStory="false"><li>Dogecoin is showing signs of potential breakout, with a current price near $0.174 and an 11% recovery since Tuesday's low.</li><li>Technical analyst More Crypto Online highlights a diagonal wave pattern indicating a complex corrective move, targeting $0.196 if Dogecoin defends the $0.16-$0.166 support range.</li><li>The market context is mixed with a 24-hour turnover of over $1.5 billion and a correlation with Bitcoin at 0.62, the lowest since early May.</li><li>A breakout above $0.20 could validate the analyst's bullish target and signal a trend reversal from Dogecoin's long-running descending channel.</li></ul>

Dogecoin’s Quiet Setup Could Detonate Shorty, Says Analyst—Here’s The Target

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