Dogecoin is maintaining its position around the 10-cent mark as buyers step in following recent declines. The cryptocurrency briefly dipped below this level on May 23 and May 29, but quickly rebounded, suggesting an accumulation phase where buyers capitalize on lower prices. Analyst KrissPax highlights this pattern, noting that Dogecoin's price suppression often forces leveraged long traders out, allowing buyers to re-enter at more favorable levels. Despite the short-term support at 10 cents, analyst Alex warns of potential downside risks based on Elliott Wave analysis. Dogecoin may be in the final Wave C of a corrective structure following its 2020-2021 rally. If DOGE breaks below its previous low, it could target the $0.02 to $0.03 range, marked by the 0.618 Fibonacci retracement. This area is seen as a potential capitulation zone before a new market cycle begins, though confirmation is needed if DOGE breaches the Wave A low.