Dogecoin’s Long-Term Chart Forms Final Elliott Wave Pattern Targeting the $1 to $2 Range

• 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. 

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.

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. 

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.