Dogecoin’s Elliott Wave Pattern Signals Potential Rise to $1-$2 Amid ETF Review and Whale Accumulation

• Dogecoin’s Elliott Wave signals Wave V targeting $1–$2, forming an Expanding Ending Diagonal after Wave IV completion.

• Whale buildup at $0.20 creates key resistance, while ETF filing draws regulatory focus.

• DeFi TVL hits $17.51 million, up 10.98% in 24 hours, boosting liquidity and long-term structure.

Dogecoin Elliott Wave pattern forecasts $1–$2 rally in Wave V amid ETF review and whale buys. Explore the bullish setup driving crypto momentum—stay informed on key developments today.

What is Dogecoin’s Elliott Wave Pattern?

Dogecoin’s Elliott Wave pattern outlines a five-wave structure that has evolved since 2014, with the asset now entering an Expanding Ending Diagonal for its final Wave V. This formation follows the completion of Wave IV, marked by corrective consolidation above $0.06091, positioning Dogecoin for a significant upward move toward $1 to $2 targets based on historical projections and ongoing market dynamics.

The pattern’s clarity distinguishes Dogecoin among major cryptocurrencies, reflecting consistent progression through multiple cycles. Analysts note that impulsive phases have concluded, leaving this diagonal as the primary bullish scenario, supported by rising lows and sustained trend channel adherence.

How Does Whale Activity Influence Dogecoin’s Price Outlook?

Whale accumulation plays a pivotal role in Dogecoin’s trajectory, with recent data revealing 11.12 billion DOGE gathered near the $0.20 level, per Glassnode metrics shared by analyst Ali. This buildup establishes a formidable resistance zone, yet it underscores strong holder confidence amid current trading around $0.18 and a $27.306 billion market cap.

Supporting evidence from on-chain analytics shows increased large-holder positions correlating with price stability within the Elliott framework. As whales position for potential breakouts, this activity reinforces the macro bullish structure, particularly as DeFi integration grows. For instance, Dogecoin’s TVL in decentralized finance protocols has climbed to $17.51 million, a 10.98% rise over the last day, indicating enhanced liquidity and user engagement that could propel further gains.

Dogecoin forms an Expanding Ending Diagonal pattern as analysts project a Wave V rise toward $1–$2 amid ETF review and whale buildup.

• Dogecoin’s Elliott Wave pattern signals a potential Wave V rise targeting the $1–$2 range.
• Whale accumulation near $0.20 and ETF review drive key resistance and market attention.
• Rising DeFi TVL and stable price action reinforce Dogecoin’s long-term bullish market structure.

Dogecoin continues to present one of the clearest Elliott Wave 5-wave structures among major digital assets. The long-term formation has developed over several market cycles, showing consistent structural progression. The only remaining bullish outlook for Dogecoin can be identified as an Expanding Ending Diagonal, as impulsive options are now considered complete.

Dogecoin’s Macro Elliott Wave Structure and Long-Term Pattern

According to an observation by XForceGlobal, Dogecoin’s Elliott Wave pattern has been forming since 2014, displaying five distinct primary waves. Wave III peaked sharply in 2021, followed by a corrective phase that shaped Wave IV. The structure now suggests that Wave IV has reached completion, with consolidation forming above the critical $0.06091 level.

The long-term projection shows a potential rise toward Wave V, targeting the $1 to $2 range. This projection maintains the historical wave count and supports the macro bullish outlook. The ongoing price movement continues to form higher lows, confirming a steady long-term growth framework.

Source: DeFiLlama

The macro chart from 2014 through 2027 indicates that Dogecoin remains within an upward trend channel, maintaining a structured and consistent progression across multiple cycles. Data from DeFiLlama show that Dogecoin’s Total Value Locked (TVL) in DeFi has reached $17.51 million, reflecting a 10.98 percent increase within the past 24 hours. The figures indicate growing liquidity and participation in Dogecoin-based decentralized finance platforms.

Expert insights from market observers, such as those from XForceGlobal, emphasize the pattern’s reliability, noting its adherence to classic Elliott principles without deviation. This structured approach provides a roadmap for investors, highlighting the asset’s resilience despite broader market volatility. The completion of prior waves sets a foundation for measured expansion in the diagonal phase, where volatility may increase but directional bias remains upward.

Bitwise Dogecoin ETF Nears SEC Review as Whale Activity Builds

Bitwise Asset Management has submitted its fourth amendment to the U.S. SEC for the first-ever spot Dogecoin ETF. The filing initiates a 20-day review window under Section 8(a), ending on November 12. Unless objections arise, approval will proceed automatically.

Source: AliCharts(X)

The ETF, with the ticker “BWOW,” will be listed on NYSE Arca, and Coinbase Custody will manage DOGE holdings. At the same time, Dogecoin shows heavy whale activity. According to data shared by analyst Ali using Glassnode metrics, around 11.12 billion DOGE were accumulated around the $0.20 level.

This accumulation zone now represents a major resistance area for price movement. Dogecoin currently trades near $0.18 with a market capitalization of $27.306 billion, maintaining stability within its long-term Elliott Wave framework.

The ETF development marks a milestone for Dogecoin’s institutional adoption, potentially unlocking billions in inflows if approved. Regulatory filings from Bitwise highlight the asset’s maturity, with robust custody solutions ensuring security. Meanwhile, whale metrics from Glassnode illustrate strategic positioning, where large investors are stacking tokens at levels that could catalyze a breakout once resistance clears. This confluence of technical patterns, on-chain signals, and regulatory progress paints a cohesive picture of upward potential.

In the broader context, Dogecoin’s integration into DeFi ecosystems further bolsters its utility. The recent TVL surge not only reflects developer activity but also user trust in Dogecoin’s network scalability. Platforms leveraging DOGE for lending, staking, and yield farming are expanding, contributing to a more diversified revenue model beyond meme-driven speculation. Analysts from firms like Glassnode project that sustained TVL growth could mirror trends seen in Ethereum, amplifying Dogecoin’s market positioning.

Frequently Asked Questions

What does Dogecoin’s Expanding Ending Diagonal mean for price prediction?

Dogecoin’s Expanding Ending Diagonal in the Elliott Wave pattern signifies the final Wave V phase, with projections targeting $1–$2 based on historical wave ratios. This formation, completed after Wave IV, indicates increasing volatility but a net bullish bias, supported by macro trend adherence since 2014.

Is the Bitwise Dogecoin ETF likely to get SEC approval soon?

The Bitwise spot Dogecoin ETF filing is under a 20-day SEC review ending November 12, 2025, with automatic approval possible absent objections. Managed by Coinbase Custody and listed on NYSE Arca, it represents a key step toward mainstream access for Dogecoin investors.

Key Takeaways

• Elliott Wave Completion: Dogecoin’s structure confirms Wave IV end, setting up an Expanding Ending Diagonal for Wave V to $1–$2.
• Whale and ETF Momentum: 11.12 billion DOGE accumulated at $0.20 resistance, coinciding with Bitwise ETF review progress.
• DeFi Growth Insight: TVL at $17.51 million, up 10.98%, signals rising utility—monitor for sustained liquidity gains.

Conclusion

Dogecoin’s Elliott Wave pattern and whale activity, combined with the Bitwise ETF review, position the asset for a transformative Wave V rally toward $1–$2. As DeFi TVL expands and on-chain metrics strengthen, Dogecoin demonstrates enduring market resilience. Investors should track regulatory updates and technical breakouts for optimal entry points in this evolving landscape.