Dogecoin Now Poised For Its Biggest Run In 2025, Analyst Predicts

The Dogecoin weekly chart structure may be setting up for a classic Elliott Wave “third wave” advance, according to trader and market commentator Cantonese Cat (@cantonmeow), who argued that DOGE has reclaimed a critical Fibonacci level and could be transitioning from corrective price action into a new impulsive ￰0￱ Set For Takeoff As Wave 3 Kicks In Sharing a weekly chart, the analyst wrote: “Initially I thought DOGE wave 2 retraced to 0.5 of wave 1, which is valid, but it decided to get to 0.382 which is also possible for a wave 2 ￰1￱ it’s reclaiming 0.618 and wave 3 could be starting… and wave 3 is the most bullish and most powerful of them all.” The chart posted by Cantonese Cat applies a Fibonacci grid to Dogecoin’s 2022–December 2024 advance (“Wave 1” on the graphic), with the 0.618 retracement anchored around ~$0.20088 on the weekly timeframe and the mid-range levels marked at 0.5 (~$0.15350) and 0.382 (~$0.11729).

On the left axis, historical weekly candles show DOGE’s earlier cycle blow-off followed by a lengthy basing period near the ~$0.05–$0.10 zone (the 0.0 line sits at ~$0.04909), from which the advance began in ￰2￱ Reading: Dogecoin Foundation’s House Of Doge Announces NASDAQ Listing Elliott Wave analysis proposes that markets trend in a five-wave impulse where the third wave is typically the strongest by both breadth and ￰3￱ that framework, a “Wave 2” pullback frequently terminates in the 0.382–0.618 retracement band of Wave 1, while a decisive reclaim of the 0.618 level on higher timeframes is often treated by technicians as a structural pivot back in favor of the prevailing ￰4￱ chart Cantonese Cat shared labels the recent decline as “Wave 2,” with wicks probing toward the 0.382 band and subsequent weekly closes gravitating back toward the 0.618 ￰5￱ current weekly candle plotted on the image sits almost exactly on that 0.618 line, indicating the market is testing whether buyers can convert it into ￰6￱ Reading: Elon Musk Mentions Dogecoin Again — Is The Meme Coin About To Rally?

The analyst’s emphasis on the 0.618 reclaim is consistent with how many systematic traders translate Fibonacci confluence into risk frameworks: closes and acceptance above the golden-ratio band raise the probability that the prior impulse has resumed, whereas sustained rejection there often keeps a market locked in a ￰7￱ Price Targets The chart also visualizes potential topside waypoints should momentum ￰8￱ Fibonacci projections drawn beyond the “Wave 1” peak display the 1.0 band at roughly $0.48 and classical extensions at 1.272 (~$0.89), 1.414 (~$1.23), and 1.618 (~$1.96). Elliott practitioners frequently monitor these zones for acceleration targets or distribution risk if a third wave ￰9￱ now, the operative claim is straightforward and testable on chart: “Now it’s reclaiming 0.618 and wave 3 could be starting,” with the reminder that “wave 3 is the most bullish and most powerful of them all.” Whether price can hold above the ~$0.20088 pivot into weekly close and then demonstrate impulsive breadth—rising range, expanding volume, and leadership versus peers—will determine if this setup matures into the kind of third-wave advance Elliott theorists anticipate or fades back into ￰10￱ press time, DOGE traded at $0.20.

Featured image created with DALL. E, chart from ￰11￱