$DOGE price is at a crucial level of $0.16, which could determine its next major move.

A potential 250% surge to $0.57 is possible if support holds, but a breakdown could lead to a drop to $0.06.

$DOGE is currently in a make-or-break situation as its price fluctuates between $0.16. Market analyst Ali Martinez pointed out that if this level remains intact, a vigorous rally toward $0.57 may take place. But if this level fails, the meme coin may fall as low as $0.06.

It is based on a long-term logarithmic price chart tracing Dogecoin’s past movements and major resistance and support levels.