{"id":4990,"date":"2025-05-27T18:13:07","date_gmt":"2025-05-27T18:13:07","guid":{"rendered":"https:\/\/coinsvalue.net\/blog\/dogecoin-enters-danger-zone-chartist-predicts-sharp-drop-ahead\/"},"modified":"2025-05-27T18:13:07","modified_gmt":"2025-05-27T18:13:07","slug":"dogecoin-enters-danger-zone-chartist-predicts-sharp-drop-ahead","status":"publish","type":"post","link":"https:\/\/coinsvalue.net\/blog\/dogecoin-enters-danger-zone-chartist-predicts-sharp-drop-ahead\/","title":{"rendered":"Dogecoin Enters Danger Zone \u2014 Chartist Predicts Sharp Drop Ahead"},"content":{"rendered":"

Dogecoin slipped toward the lower end of its month-long range on Tuesday as independent chartist Quantum Ascent delivered a granular breakdown of why he believes the meme-coin is part-way through a corrective cascade that could end in the high-teen-cent zone. At mid-afternoon in Europe the token hovered at $0.228, nearly 12% below its May 11 peak and nursing modest intraday losses.<\/p>\n

Dogecoin Enters Danger Zone<\/h2>\n

Reviewing the daily chart, the analyst rewound<\/a> to the explosive move that began on May 8 and produced a 50% three-session surge: \u201cLast time we checked in over here on May 8, when we got this big green candle, we said, guys, looks like we\u2019re kicking off our fifth microwave here,\u201d he reminded viewers. His initial upside projection had been a modest 2.36 Fibonacci extension, yet Dogecoin \u201cactually went up much higher,\u201d a sign, he added, of strong retail momentum but also of a pattern that now looks finished.<\/p>\n

\"Dogecoin<\/p>\n

Quantum Ascent has since migrated his wave counts to show that the thrust was merely the fifth sub-wave inside a larger first-wave advance. \u201cWe\u2019re in the middle of an ABC as we speak\u2026 these blue waves are going to move over to here,\u201d he said, redrawing the labels to mark the ongoing retracement. In Elliott-wave parlance the C-leg must at least equal the A-leg, and the presenter converted that rule into arithmetic: \u201cEighteen-point-eight per cent from there\u2026 that\u2019s one of our targets, right around 20.5 cents.\u201d<\/p>\n

Deeper penetration is not only possible but statistically common, he argued, because \u201coftentimes it makes it down into this third or fourth wave.\u201d Measuring from the early-May low to the mid-May top, he plotted the 0.500, 0.618 and 0.702 retracements \u2014 a band stretching roughly from 19.5 cents to 17 cents \u2014 and called it \u201cthe logical zone for a first-and-second-wave reset.\u201d A shallower halt at the 0.382, around 21.8 cents, would in his view be \u201ca pretty shallow correction.\u201d<\/p>\n

One attempt to break higher has already stalled in what he labelled the \u201cdanger zone\u201d between the 0.618 and 0.786 retracements: \u201cWe took a stab to break through, but we didn\u2019t close\u2026 we wicked above it, ended up right there at the 702, the rejection, and now it\u2019s kind of rolling over again.\u201d That failure leaves a nearby trigger level: \u201cWe break this low here at 21 cents, then we\u2019re for sure seeing 20.5 cents.\u201d<\/p>\n

The tape action, he added, resembles a Wyckoff re-accumulation structure: \u201cLooks like honestly a form of Wyckoff and we\u2019re building the sign of strength right here before we take off.\u201d Yet the bullish pay-off, if it comes, likely lies several weeks ahead. The correction underway marks \u201ca macro two that we\u2019re working on right now,\u201d he said, emphasising that the subsequent third wave would be decisive: \u201cMacro wave threes \u2014 those are the daddies. Those are the big ones. That\u2019s where we\u2019re really going to get some juice.\u201d<\/p>\n

Macro context tempers any near-term enthusiasm. Bitcoin \u2014 whose own fifth-wave top arrived sooner and overshot its prior cycle high \u2014 has already rolled into an ABC of its own, and Quantum Ascent expects altcoins to \u201csettle down\u201d alongside the bellwether. \u201cWhether it goes quickly in a C-wave or we just kind of keep meandering, we\u2019re going to have to wait and see,\u201d he concluded, urging followers to watch volume profiles and closing levels rather than intraday wicks.<\/p>\n

As always, Elliott-wave counts remain interpretative rather than predictive, and traders should align any positioning with their personal risk limits. Dogecoin retains the eighth-largest market capitalisation in crypto, but elevated volatility means even minor price gaps can translate into double-digit percentage swings.<\/p>\n

At press time, DOGE traded at $0.228.<\/p>\n

\"Dogecoin<\/p>\n","protected":false},"excerpt":{"rendered":"

Dogecoin slipped toward the lower end of its month-long range on Tuesday as independent chartist Quantum Ascent delivered a granular breakdown of why he believes the meme-coin is part-way through a corrective cascade that could end in the high-teen-cent zone. At mid-afternoon in Europe the token hovered at $0.228, nearly 12% below its May 11…<\/p>\n","protected":false},"author":1,"featured_media":4991,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[221],"tags":[167,168,169,166,170,171],"class_list":["post-4990","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-doge","tag-doge-news","tag-doge-price","tag-dogecoin","tag-dogecoin-news","tag-dogecoin-price"],"_links":{"self":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/4990","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/comments?post=4990"}],"version-history":[{"count":0,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/4990\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media\/4991"}],"wp:attachment":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media?parent=4990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/categories?post=4990"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/tags?post=4990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}