Dogecoin confirms a Golden Cross, double bottom, and Wave 3 setup, targeting $0.3763 upside.
ETF speculation with 75% approval odds boosts bullish sentiment across Dogecoin’s investor base.
Analysts track macro cycle repeat after DOGE held key $0.12 support and bounced with volume.
Dogecoin (DOGE) has flashed a Golden Cross on the daily chart, signaling potential for a strong upward trend. At the time of writing, Dogecoin was trading at $0.2207. Analysts are watching multiple aligned indicators, including a confirmed double bottom and Elliott Wave 3 formation, that support a possible move toward $0.3763. Market speculation around a DOGE ETF has further added to the optimism.
Golden Cross, Wave 3, and Double Bottom Align
According to analysis prepared by Joe Swason, Dogecoin has confirmed a Golden Cross on its daily chart. This occurs when the 50-day moving average crosses above the 200-day moving average. Historically, this pattern is considered a bullish signal in both crypto and traditional markets.
https://twitter.com/Joe_Swanson057/status/1950626609737703764
In addition to the crossover, the chart structure reveals a confirmed double bottom pattern, with key support holding near $0.12. The breakout from this formation aligns with Elliott Wave Theory, which places DOGE in Wave 3.
This wave often leads to extended price expansions in strong trending markets. Analysts believe that if the structure holds, DOGE could reach a projected target of $0.3763, based on Fibonacci extensions and historical resistance levels from 2022.
ETF Expectations and Macro Trend Add Fuel
Market sentiment has been lifted by growing discussion about a potential DOGE ETF. According to community estimates and several crypto analysts, the odds of approval stand near 75%.
While regulators have not confirmed any decision, the expectation has attracted renewed interest from traders and long-term holders. Bitcoinsensus noted that DOGE’s macro pattern resembles previous cycles, which included 80x and 240x rallies in 2017 and 2021.
The analyst suggested that Dogecoin may be building a base for another major move. Master Kenobi also observed that DOGE may have established a bottom and that breaking above key resistance could reinforce a bullish continuation.
The post Dogecoin Forms Golden Cross as Wave 3 and ETF Buzz Set $0.3763 Target in Focus appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
