Dogecoin Price Risks Crash Below $0.1, But Can Bulls Facilitate This 800% Rally To $1.82 First?

New technical analysis suggests that the Dogecoin price is teetering at a pivotal point that could dictate its trajectory for the coming ￰0￱ to a crypto analyst, the meme coin faces two stark possibilities: a massive bullish breakout that could catapult DOGE by 800% to a new peak of $1.82, followed by a potential crash that may drag the meme coin’s value below $0.1. Dogecoin Price To See Massive Rally Before Crash In an August 31 post on X social media, crypto analyst KrissPax announced that Dogecoin may be on the verge of a dramatic rally if historical price action and Fibonacci Extensions play ￰1￱ projected that DOGE could trade up to the 2.618 Fibonacci level this fall, which aligns with the $1.82 price ￰2￱ a bullish move would represent a remarkable 800% gain from the meme coin’s current value of roughly $0.218.

Related Reading: Pundit Reveals Catalysts That Will Drive Dogecoin Price 150% To $0.55 KrissPax shared a chart showing multiple accumulation zones where Dogecoin held firm despite broader market corrections, indicating that long-term holders could be reinforcing price ￰3￱ the outlook points to an explosive upside potential for DOGE, the analyst also warned that a looming bearish scenario is still in ￰4￱ on the chart’s trajectory, once Dogecoin hits the projected $1.82 all-time high, the meme coin could experience a steep crash toward $0.09 (0.236 Fibonacci retracement), revisiting its weakest levels since ￰5￱ referred to this zone as a “gift” in his chart, suggesting it may offer a chance to accumulate at lower ￰6￱ the price now hovering near key resistance, Dogecoin appears to be approaching a decisive moment that could determine its next ￰7￱ investors, this presents a classic high-risk, high-reward setup that could offer strong gains to early accumulation ahead of a breakout or deliver significant losses if bearish pressure sends the meme coin ￰8￱ forward, KrissPax indicated that Dogecoin’s current low price, relative to its previous peaks, could be an opportunity for traders to add to their ￰9￱ warns that hesitating to buy at discounted levels could result in being left out when DOGE begins another steep climb. $0.23 Identified As Key Breakout Threshold In a separate X post, crypto market expert Ali Martinez shared his latest Dogecoin analysis, taking a more bullish ￰10￱ pointed to a symmetrical triangle pattern forming on the Dogecoin 4-hour chart, where price action has been consolidating between tightening support and resistance ￰11￱ on his analysis, this type of formation often signals an impending breakout, with the direction ultimately determined by which boundary the pattern is ￰12￱ Reading: Dogecoin Price Is Ready To Launch 100%+ With This Swing Move Martinez has identified $0.23 as the critical level to ￰13￱ Dogecoin breaks above this threshold with convincing volume, it could trigger a fresh bullish rally toward higher resistance levels at $0.25, $0.28, and potentially $0.30.

The analyst’s chart projection outlines a step-like ascent once the breakout is confirmed, suggesting a sustainable rally rather than an immediate ￰14￱ image from Getty Images, chart from ￰15￱