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DOGEUSD is currently at a critical juncture, presenting both speculative bullish and bearish scenarios. A '1-2 setup' suggests a potential bullish move towards 0.26 cents (100% Fibonacci extension), but this is considered speculative due to a lack of alignment with major cryptocurrencies like Bitcoin. This bullish outlook is invalidated if price breaks below the December low around 0.1156. Conversely, a bearish 'C-wave decline' is also possible, especially if the December low is breached. This could lead to support tests at approximately 0.096 cents and potentially 0.081 cents. The speaker notes the chart is 'messy' for a clear bearish count due to a problematic 10th October low. A break above the B-wave high at 0.152 cents would indicate a low is in place, invalidating the bearish outlook.