Dogecoin Primed for a Massive Rally? ‘Pump the Brakes,’ Warns Top Analyst

Dogecoin’s price action is flashing bullish signals—but one analyst urges caution before the meme coin goes parabolic.

The FOMO is real

DOGE’s recent surge has traders buzzing, with some predicting a repeat of its 2021 glory days. The charts show a tightening consolidation pattern, typically a precursor to explosive moves.

A voice of reason in the meme-storm

‘The setup looks tempting, but don’t YOLO your life savings,’ cautions a prominent crypto strategist. ‘Retail always gets burned chasing pumps—this time won’t be different just because Elon tweeted a dog meme.’

The institutional shrug

While degens pile in, Wall Street remains conspicuously absent from the Dogecoin craze—probably too busy overcomplicating Bitcoin ETFs to notice the 8,000% ROI staring them in the face.

One thing’s certain: whether DOGE moons or crashes, the ride will be anything but boring.

Dogecoin Ready To Explode?

In Maelius’ count, the second of the two minor wave-twos ended last week when price tagged $0.142 and immediately snapped higher. That inflection, visible on his chart as the tip of a long lower wick, occurred exactly where the 200-week exponential moving average ($0.142) intersects a rising support trend-line that has tracked dogecoin since late-2023 – a textbook area for long-term money to defend. The bounce printed on Sunday’s weekly close, giving technicians a hard reference point for risk.

If the wave map is correct, the composite third wave that now follows could push into the $1.10–$1.30 corridor, Maelius annotates. A fourth-wave pause somewhere near $0.60 WOULD then reset oscillators before a terminal fifth wave above $1.60 completes the cycle. While the analyst stops short of publishing time targets, the price levels are etched in full on the chart, making the roadmap unambiguous.

Underlying demand is also drawn into the picture. A broad green rectangle labelled “DEMAND” spans roughly $0.12–$0.17. Last week’s wick once again penetrated that zone before reversing, adding statistical weight to its importance.

At the bottom of Maelius’ chart lies the WaveTrend Oscillator (WTO), comprising a fast line (WT1), a slow line (WT2) and a histogram that plots their spread. The analyst shades the band between about –60 and –30 in green to denote the oversold floor. Both momentum lines double-bottomed in that zone in autumn 2024 and April this year, immediately before price rocketed higher.

As of Sunday’s close WT1 prints –18.49 and WT2 –33.21, with the histogram at –22.80. In other words, momentum is cooling but could be reversing as it is touching Maelius’ bottom zone as in previous instances.

Sceptics note that a nested 1-2 count can fail if price undercuts the second wave-two, and that liquidity-driven memecoins are intrinsically prone to whipsaw. Even Maelius tempered his enthusiasm in a follow-up exchange when a follower warned of a “choppy summer,” replying: “We are almost in July bro, one or two months of chop not changing anything if [it] happens.”

For now the battleground is clear: as long as Dogecoin holds above the converging 200-week EMA–trend-line nexus and the upper rim of the demand zone, the wave thesis remains intact and the next directional verdict will belong to the market rather than the meme.

At press time, Doge traded at $0.1634, up 17% since the bottom on Sunday.