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Dogecoin spent the large part of three years digesting its 2021 aplain, but the popular meme can be about to leave the consolidation range, according to a new weekly graphic common On X by the pseudonym analyst Maelius (@maeliuscrypto).
Dogecoin ‘looks incredible’
The Doge / USDT pair on Binance prints a weekly candle at $ 0.1828 (open 0.1705, raised 0.1833, low 0.1643), up 7.2% per week. Two long -term mobile averages supervise the current structure: the exponential mobile average of 50 weeks (EMA 50) at $ 0.203 in blue and the EMA up 200 weeks (EMA 200) at $ 0.138 in red. The price was decided below the EMA -50 earlier this year, but – crucially for Maelius – has never lost the EMA -200, which is now in a large slate color demand zone of $ 0.11 to $ 0.20.
A second layer of support comes from an ascending red trend line which links the swing-lets of October 2023, August 2024 and April 2025. The most recent withdrawal, labeled “2” on the graph, rebounded almost precisely where this diagonal meets the EMA-200 and the lower edge of the request-a triple confluence area that technicians often consider like a manual springboard for Manuel Next advance.
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Maelius’ main thesis is based on a number of Elliott 1-2, 1-2 waves. The first sequence “1-2” began with a thrust at ~ $ 0.2288 in March 2024, given to $ 0.0805 in August the same year, then sparked a larger impulsive leg This overcome nearly $ 0.4843 in December from last year (labeled the second “1”). Corrective monitoring at $ 0.1298 in April completed the second “2”.
In the terminology of Elliott, two consecutive 1-2 structures “roll up the spring” for vague 3 of (3) – historically the longest and steepest part of an impulse. Maelius places the third wave to come, his subsequent consolidation of the fourth wave and a last fifth wave in the empty zone above the current price.
He predicts that Doge reaches approximately $ 1 as part of the third wave, followed by a fourth correctional wave less than $ 0.70. The fifth wave should reach its culmination somewhere between $ 1.30 and $ 1.70.
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Under the price of the prices is the Wavertrend oscillator (OMC), a momentum indicator closely linked to the TSI which measures the distance between the price of an active and its own smoothed values. The WTO prints two lines and a histogram; A bullish cycle begins when the faster line crosses the slowest in the occurrence territory (–60 / –53 in standard settings).
This cross has just shot the time of a week for the first time since the lowest in August 2024. The histogram has gone from deep to neutral gray, echoing the similar transitions that preceded the Previous vertical advances.
Together, the graph describes a market that has a multi -year demand block, trading above its 200 -week EMA, tests – although not yet recovering – its 50 -week EMA and exhibiting a new bullish cross. From the point of view of pure cardboard, these ingredients meet many conditions that technicians are looking for during hunting at the start of a primary trend leg.
Maelius concludes: “Doge looks incredible here, despite the fact that he was lower as I was initially expected (I expected that the EMA50 holds). Respecting the major request zone, EMA200 as well as diagonal support and it seems that 1.2,1,2 is finished and now we head for the 3rd EW (in the larger 3rd). 1 WTO recently, which is also supported from the bottom. ”.
At the time of the press, DOGE exchanged $ 0.18445.
Star image created with dall.e, tradingView.com graphic
