The DOGE chart is hovering above support levels. The analysis considers two scenarios from a previous video, interpreting the move up from the June low as another wave one, with the current pattern potentially being wave two. It's possible to interpret the structure as an A-wave, a B-wave and a one-two setup. An accelerated bullish scenario is presented, though the wave count isn't fully favored due to only seeing a three-wave move up into the May high after the price bottomed in a wave four in April. The presenter mentions that the market then only formed a three-wave move to complete the A-wave, followed by a B-wave pullback, potentially landing around 14.3 cents on June 22nd. A five-wave C-wave to the upside is anticipated, however the 100% extension has already been achieved, so technically the C-wave might have been fully completed.