The analysis examines Dogecoin (DOGEUSDT) from a high in November to a low in April. DOGE hit the 0.618 Fibonacci retracement level but couldn't break it. As long as Dogecoin remains below 0.294, there is no reason to expect it to move higher. Dogecoin is creating higher lows every time it comes down. A breakout above 0.294 could lead to a move to 0.36, then to the high at 0.48, and potentially to a new high of 0.70. A breakout price to watch is 0.294; until then, DOGE is expected to either go sideways or down. Once it gets over 0.35, the analysis indicates a potential bullish market watch for a move up to 0.70.