#Doge# has completed a major impulsive rally up to $DOGE $0.28754.

A clear correction is in progress, with price currently around $0.2017.
Two key Fibonacci retracements and extensions are drawn from both:
the top at $0.2875, and
the smaller correction/rebound structure after the $0.1820 local bottom.

Lower highs and lower lows continue within a descending channel (dotted lines).

Price is struggling to reclaim above the 0.618 #Fib $0.2075 of the recent move.

RSI has bounced from near oversold, but is below 50, suggesting weak recovery momentum.

Critical Support Levels
$0.1962 – 0.786 retracement (near-term bounce zone)
$0.1820 – Local swing low (must hold for bullish case)

$0.1789 – 1.618 extension (confluence support)
$0.1565 – 1.382 Fib (red zone, deeper correction)
$0.1408–$0.1118 – Max bearish extensions (if trend collapses)

Resistance Levels
$0.2075 – 0.618 Fib resistance (first breakout needed)
$0.2155 – 0.5 retracement of drop (heavier resistance)

$0.2237–$0.2348 – Prior reaction highs and Fib clusters
$0.2460–$0.2539 – Strong confluence, upper range target

Bullish Recovery Scenario
If Doge holds above $0.1960 and breaks $0.2075 with volume:

Target 1: $0.2155
Target 2: $0.2230–$0.2340 (deeper retrace)
Target 3: $0.2460–$0.2530 (major structure test)

RSI needs to push above 50 and maintain higher lows for this to play out.

Bearish Continuation Scenario
If Doge rejects from $0.2075 again and loses $0.1960:

Target 1: $0.1820
Target 2: $0.1789
Target 3: $0.1565–$0.1408 (if panic selling or broad market drop)
Max Drawdown: $0.1118 (2.618 Fib extension, unlikely but not impossible)