Dogecoin Aims for $1–$2 as Elliott Wave Analysis Indicates Upcoming Major Rally

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Nov 09 2025

Should l Buy DOGE?

Elliott Wave Analysis: Dogecoin (DOGE) is positioned for a potential final rally phase targeting the $1–$2 range, as it completes a five-wave macro Elliott pattern and consolidates near the wave four base.
Market Structure: The current expanding diagonal structure suggests that DOGE is transitioning out of a long corrective phase, with historical behavior indicating a mix of accumulation and brief retracements before a significant upward trend.
Short-Term Momentum: Recent data shows DOGE trading at $0.1795, reflecting an 8.4% daily gain and strong trading volume, indicating renewed market interest and potential for higher accumulation levels.
Long-Term Outlook: If the Elliott Wave scenario unfolds as expected, DOGE could enter a new multi-year rally phase, aligning with broader recovery trends in the cryptocurrency market.

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Technical Analysis for DOGE

Technical Sentiment Analysis for Dogecoin (DOGE) As of , Dogecoin (DOGE) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for DOGE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, DOGE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Dogecoin (DOGE) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0433	0.0617	0.082	0.1	0.121	0.139	0.159
Fibonacci	0.0617	0.0765	0.0856	0.1	0.115	0.124	0.139

About DOGE

Dogecoin (DOGE) is based on the popular 'doge' Internet meme and features a Shiba Inu on its logo. The open-source digital currency was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia, and was forked from Litecoin in December 2013. Dogecoin's creators envisaged it as a fun, light-hearted cryptocurrency that would have greater appeal beyond the core Bitcoin audience, since it was based on a dog meme. Tesla CEO Elon Musk posted several tweets on social media that Dogecoin is his favorite coin.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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