Dogecoin’s Elliott Wave Pattern Forecasts a Bull Run Towards $1-$2

A recent analysis suggests that Dogecoin is poised for a significant price increase, with its long-term chart displaying the final five-wave pattern known as an Expanding Ending Diagonal. This pattern, according to experts like XForceGlobal, anticipates a surge towards the $1-$2 range, driven by potential ETF approval and whale activity. 2024 has seen remarkable growth in Dogecoin’s DeFi TVL, reaching $17.51 million recently, signaling continued liquidity and participation within this space. Further evidence of this bullish outlook comes from the historical Elliott Wave structure, which suggests a long-term upward trend for Dogecoin.