Dogecoin (DOGE) has entered a pivotal stage after years of price consolidation. According to recent updates from XForceGlobal, DOGE could be setting the stage for a substantial long-term rally, with a potential 10x move in the coming years.
Technical analysis points to a primary bullish pathway centered on a late-stage corrective structure known as Wave 4, which may be forming a triangle pattern.
For now, DOGE is holding above its major low, suggesting it could be the last memecoin ready for a significant run. The weekly chart of DOGE/USD on Binance illustrates a large-scale Elliott Wave structure spanning multiple cycles.
Wave 1 completed its impulsive surge in early 2018, followed by a prolonged Wave 2 correction forming a base between 2018 and 2020. The explosive Wave 3 rally into 2021 saw vertical price acceleration and broad retail participation, peaking near the all-time high zone.
Wave 4 has since unfolded as a complex ABC correction, with Wave A initiating the decline, Wave B producing a recovery bounce, and Wave C developing toward the final leg. Crucially, the protected Wave 4 low around $0.05–$0.06 serves as the macro support zone, acting as a key invalidation point.
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Internal Structure Suggests Terminal Consolidation
Zooming in on the corrective pattern, DOGE shows signs of a contracting structure, where Waves B, C, D, and E appear to converge. This compression between descending resistance and ascending support reflects declining volatility, a common precursor to trend expansion.
If Wave C completes above the protected low and bullish momentum returns, DOGE could begin Wave 5, launching the next impulsive rally.
Charting Guy recently highlighted that DOGE often bottoms when the 20-week EMA crosses below the 200-week EMA, a signal that occurred last week. This crossover prompted a 50% position increase among active followers, reinforcing the idea that DOGE may be entering the early stages of a new upward cycle.
Dogecoin Historical Patterns Support Long-Term Upside
Dogecoin’s long-term chart highlights cyclical behavior with extended accumulation phases, explosive rallies, and prolonged corrections. From 2017–2018, DOGE experienced its first speculative surge, followed by multi-year sideways accumulation.
Late 2020 and 2021 marked a decisive breakout, with vertical momentum culminating in a parabolic top. Post-2021, the market transitioned into a corrective phase, gradually forming a more stable base from 2022 onward.
Throughout 2023 and 2024, DOGE formed higher lows, signaling accumulation within a macro consolidation. Early 2025 attempts at bullish expansion were controlled, lacking the parabolic momentum of 2021.
The long-term moving average is now acting as dynamic support, with the next breakout or breakdown likely determining the multi-month trend direction. If DOGE maintains structural support, Wave 5 could target $1.30+, echoing prior cycle gains of over 1,300%.
Also Read: Dogecoin (DOGE) Signals Recovery as Indicators Hint at Breakout Potential