Dogecoin is exhibiting strong technical bullish signals including a Golden Cross formation and an emerging Elliott Wave 3 pattern, setting the stage for a potential rally toward $0.3763. This technical convergence suggests accelerating upward momentum if current resistance levels are decisively breached.
The cryptocurrency has demonstrated robust support near the $0.12 price area, forming a double-bottom pattern that aligns with the Elliott Wave 3 phase. This stage typically represents the strongest segment of market cycles and historically precedes significant volatility to the upside.
Market optimism is amplified by widespread industry speculation forecasting a 75% probability of Dogecoin ETF approval. Historical price patterns resembling the 2017 and 2021 bull runs further strengthen expectations for another substantial upward move in the memecoin’s valuation.
Technical analysts emphasize that sustained price action above key resistance thresholds would serve as critical confirmation for the developing bullish trend and validate the current technical projections.