Hold onto your hats, crypto enthusiasts! The long-term Elliott Wave pattern for Dogecoin suggests we might be gazing at a outrageous leap to $1 or $2, thanks to whale activity and the delightful ETF prospect. Because what’s more thrilling than a meme coin with a fortune-telling wave pattern? 😂🌊
Indeed, the grand chart of Dogecoin displays a robust Elliott Wave 5-wave patter-so predictable, even your grandmother’s tea leaves couldn’t miss it-hinting at a possible journey to the $1 to $2 range. As if Doge wasn’t already the darling of the digital circus. 🎪
The macro trend, which has been ticking since 2014-yes, that’s almost a lifetime in crypto years-signifies the end of wave IV, paving the way for a glorious wave V diabolically tickling the upper limits. Because who doesn’t love a good ending diagonal? 🧐
Source – X
This scenario is as unusual as an avocado at a British tea party. All impulsive wave options are exhausted, leaving only this widening diagonal to make its daring jump to $1 or $2, according to the wise folks at XForceGlobal. Because logic is so overrated in crypto. 😉
Supporting this bullish fairy tale, data shows whale concentration in the $0.20+ range is no joke-these deep-pocketed creatures are watching. 🐋
Source – X
Analysts peering through their crystal balls (and Glassnode data, for that matter) reveal that around 11.12 billion DOGE are lurking near a critical resistance zone, waiting for that perfect breakout moment-probably while sipping on their favorite crypto cocktail. 🍹
Whale Activity and ETF Hype Create a Buzz!
The financial aristocrats at Bitwise Asset Management are clamoring for a spot DOGE ETF, currently awaiting the SEC’s blessing-expected mid-November. Because what’s better than ETFs? Probably dog-themed ETFs. 🐶🚀
This move boosts both confidence and confusion among traders, as it offers easier access and a veneer of legitimacy-no more secret handshakes needed to buy your favorite meme coin. \nIt’s listed on NYSE Arca, with Coinbase Custody handling the goods, all of which can give the price a nice little boost. 💸
Meanwhile, Dogecoin’s DeFi game is heating up, with Total Value Locked (TVL) soaring to 17.51 million, up nearly 11% in a day. Talk about liquidity-this little engine’s chugging along nicely and bolstering the long-term bullish thesis. 🚂
At just below $0.18, Dogecoin still wades through resistance levels but has been forming higher lows-because a meme coin loves to keep us guessing. With a market cap of over $27 billion, it’s a stubborn contender-unless support around 0.0609 gives way, then all bets are off. 🥸
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2025-11-10 08:27