Saturday, May 31, 2025
No Result
View All Result
Coins League
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
No Result
View All Result
Coins League
No Result
View All Result

Analyst Says Dogecoin Could Be The Only Meme Coin For 5-10x, Here’s Why

February 19, 2025
in Bitcoin
Reading Time: 3 mins read
0 0
A A
0
Home Bitcoin
Share on FacebookShare on TwitterShare on E Mail


A latest technical evaluation of Dogecoin’s worth chart on the weekly candlestick timeframe has revealed a compelling outlook for the meme coin’s long-term trajectory. Based on the analyst, Dogecoin is presently the one meme coin able to delivering a 5-10x return. The prediction is rooted within the evaluation of Dogecoin worth motion utilizing the Elliott Wave idea, with an in depth rely of impulse waves indicating that the meme coin is presently in a major macro uptrend part.

Dogecoin’s Fifth Impulse Wave And Its Sub-Wave Construction

This Elliott Waves technical evaluation, which was famous on social media platform X by crypto analyst XForceGlobal, exhibits that Dogecoin is presently within the fifth and last impulse wave of a multi-year macro Elliott Wave construction. This macro wave sequence consists of 5 main impulse waves, with every wave enjoying out over a number of years. The continued fifth wave, which started in mid-2024, is predicted to proceed its course for the subsequent few years.

Curiously, the technical evaluation exhibits that this ongoing fifth Elliott wave is split into sub-waves of uptrends and corrections. As such, the massive fifth wave, which is at all times bullish, goes to be crammed with notable intervals of downtrend corrections, even when the overall motion is upwards. 

DOGE in a last impulse wave | Supply: XForceGlobal on X

Dogecoin is presently inside the third sub-wave of this bigger fifth wave, which can be anticipated to be bullish. Nonetheless, this third sub-wave itself incorporates a number of smaller sub-waves, and the meme coin is presently within the second corrective part of this smaller sub-wave construction. This latest worth consolidation and the correction pattern that has persevered over the previous eight weeks.

Quick-Time period Outlook And Anticipated Worth Targets

Because it stands, Dogecoin is in a sub-sub wave-2 formation in gentle of its decline from $0.48 since December 2024. Though the correction part might proceed within the brief time period, Dogecoin appears to have discovered help at $0.25, and the third impulse sub-sub-wave might start anytime quickly. Though the analyst didn’t observe a precise goal, his projections on the Dogecoin worth chart put the worth goal of the third sub-sub-wave at round $1.7. This alone will see Dogecoin capturing above its present all-time excessive of $0.7316.

Wanting additional forward, the broader third sub-wave of the continuing fifth impulse wave is predicted to push Dogecoin towards the $3.3 vary. For the long-term macro outlook, the whole fifth impulse wave is projected to drive DOGE to roughly $6.5 in a multi-year rally consistent with the Elliott Wave rely. XForceGlobal famous that historical past performs an important position in minimizing the margin of error when figuring out these long-term worth targets.

On the time of writing, DOGE is buying and selling at $0.2511, down by 0.47% up to now 24 hours. Reaching the projected $1.7, $3.3, and $6.5 targets will signify 577%, 1,215%, and a pair of,490% will increase from the present worth degree.

Dogecoin
DOGE buying and selling at $0.25 on the 1D chart | Supply: DOGEUSDT on Tradingview.com

Featured picture from Unsplash, chart from Tradingview.com



Source link

Tags: 510xAnalystCoinDogecoinHeresMeme
Previous Post

Why PayPal is the Worst Place to Buy Crypto

Next Post

SNXweave Weekly Recap 169

Related Posts

US-Mexico Transfers Accelerated by XDC-Bitso Blockchain Rail
Bitcoin

US-Mexico Transfers Accelerated by XDC-Bitso Blockchain Rail

May 31, 2025
Bitcoin Indicator Shows Bears Dominate Market With Rising Volume – Details
Bitcoin

Bitcoin Indicator Shows Bears Dominate Market With Rising Volume – Details

May 31, 2025
Testing Strength At Key Support
Bitcoin

Testing Strength At Key Support

May 30, 2025
Amboss Launches Rails, A Self-Custodial Bitcoin Yield Service
Bitcoin

Amboss Launches Rails, A Self-Custodial Bitcoin Yield Service

May 30, 2025
Trump Media Raises $2.32B—Bitcoin Treasury and Big Moves Ahead
Bitcoin

Trump Media Raises $2.32B—Bitcoin Treasury and Big Moves Ahead

May 30, 2025
Will Fed Cut Rates in June? Inflation Fears Trigger BTC Rotation to New Memecoin
Bitcoin

Will Fed Cut Rates in June? Inflation Fears Trigger BTC Rotation to New Memecoin

May 31, 2025
Next Post
SNXweave Weekly Recap 169

SNXweave Weekly Recap 169

Quantum Storm Brewing: Can Bitcoin Outrun Microsoft’s Million-Qubit Countdown?

Quantum Storm Brewing: Can Bitcoin Outrun Microsoft’s Million-Qubit Countdown?

Czech Crypto Firms to Gain Banking Access Under Fresh Legislation

Czech Crypto Firms to Gain Banking Access Under Fresh Legislation

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Twitter Instagram LinkedIn RSS Telegram
Coins League

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Coins League

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITEMAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In