Can Dogecoin reach 0.60 dollars? This price level is currently very important.

In the latest YouTube summary for 292,000 sign ups, the analyst known as "More Crypto Online" (MCO) argued that the recovery of Dogecoin from the support level in early May stays tuned to the larger Elliott wave pattern of the memecoin and importantly keeps open the long-discussed move towards the zone of $0.60. Dogecoin's path to $0.60 Speaking less than forty-eight hours after the local low of Dogecoin on May 6 at around $0.163, MCO emphasized that the price action so far has respected the fourth wave Fibonacci retracement he outlined in previous sessions. "The price is holding this support zone between 15.5 cents and 16.8 cents as standard Fibonacci support in wave four," he noted, adding that the recovery has met the "minimum" requirement for the launch of the fifth wave.

The short-term pivot point of analyst (hour chart) remains at the $0.18 line—a precise 50 percent retracement of the momentum from the end of April. MCO states, "As long as we stay above $0.18, there are absolutely no signs indicating a top," while emphasizing that a decisive break below that level would necessitate a reassessment of the daily pattern and shift focus back to the lows of May 6. He describes $0.18 as the level "that allows continuation, directly continuing up, in a bullish momentum." So far, Dogecoin's latest rally has only retested its April 30 high near $0.193, leaving the fifth wave "not healthy enough to actually be considered a completed fifth wave." Therefore, the analyst expects at least "one or two Fibonacci levels above the top of the third wave", pointing to the 123.6 percent, 138.2 percent and 161.8 percent extension levels as normal zones that would confirm a properly expanded fifth wave. As a result, the ideal target zone starts slightly higher than $0.193 and could extend to a range as low as 20 cents if the momentum remains intact. MCO has also outlined a scenario where the market loses the support level of $0.18. Provided that the pullback remains corrective, and importantly stays above the low of May 6 at $0.163, he will consider this pullback as "wave B retracement" in a "broader ABC structure" that will ultimately push Dogecoin to new highs in the cycle. "This would allow for a broader ABC structure... and the wave B retracement may just be corrective but must stay above this low of May 6," he explained. While the current segment focuses on the microstructure—whether the fifth wave ends in a single push or turns into a more complex ABC variant—the analyst reiterates that no scenario presented negates the larger bullish argument as long as the macro support zone from $0.155 to $0.168 remains intact. That framework still peaks in several waves predicting Dogecoin heading towards the critical psychological zone of $0.60 after the completion of the higher-level impulse cycle. Currently, the analyst's dashboard remains simple: above $0.18, the burden of proof lies with the bears; below that level, the market will probe whether the correction is merely a prelude to the next rally—and potentially decisive—or not. As MCO concluded, "A direct bullish move is still the expectation […] but a break below that, you know, will force a discussion about it."