The video analyzes DogeCoin, noting it consolidates between micro-support and micro-resistance. The Fibonacci support zone has been between 20 cents and 21.7 cents for the last couple of days. As long as DogeCoin holds above 20 cents, the focus remains on higher prices. A drop below 20 cents would make the situation less favorable and could indicate that wave 2 is still unfolding. However, the move up looks like five waves, so the analyst leans towards higher prices overall.