Peter Smith
Dogecoin (DOGE) is lighting up trader screens right now with some seriously bullish signals. According to recent Twitter analysis, we've got a golden cross on the daily chart, a solid double bottom pattern, and what looks like the start of Elliott Wave 3 – which is usually the money-making wave. If this all pans out, DOGE could be heading straight for $0.3763, and whispers about a potential DOGE ETF are just adding more fuel to the fire.
Golden Cross and Double Bottom Set the Stage
Here's what's got everyone excited: DOGE just formed a textbook golden cross where the short-term moving average crossed above the long-term one. That's basically the market's way of saying "hey, things are looking up." On top of that, we've got a confirmed double bottom around the $0.15 zone, which is like a springboard for the next move higher.
The setup looks pretty clean – after hitting around $0.25 (Wave 1), DOGE pulled back to about $0.22 (Wave 2), which is exactly what you'd expect in a healthy Elliott Wave pattern. Now we're sitting at $0.2226, and if the pattern holds, Wave 3 could blast us toward that $0.3763 target.
Wave 3 and ETF Hype Could Send DOGE Flying
Elliott Wave 3 is where the magic usually happens – it's typically the strongest and longest wave in the whole cycle. If DOGE is really starting Wave 3 now, we could see some serious fireworks. The chart suggests $0.3763 as the first major target, but if momentum keeps building, Wave 5 could push prices all the way to $0.45-$0.50.
What's making this even more interesting is the buzz about a potential DOGE ETF. Some traders are throwing around a 75% chance of approval, and honestly, if that becomes reality, it could be game over for the bears. An ETF would bring institutional money into DOGE like never before, potentially validating this entire Elliott Wave cycle and sending prices to fresh highs.
Peter Smith
