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Dogecoin spent the best part of three years in digesting the highest level in 2021, however Coin may be about to leave the scope of monotheism, according to a new weekly scheme. subscriber On X by MALIUS (MAELIUSCRYPTO).
Dogecoin ‘looks incredible’
DOGE/USDT pair on Binance prints a weekly candle at $ 0.1828 (open 0.1705, 0.1833, low 0.1643), an increase of 7.2 % per week. Two long-term moving averages Framehes the current structure: Si-moving average for 50 weeks (EMA-50) at $ 0.203 in blue and 200 weekly height EMA (EMA-200) at $ 0.138 in red. The price slides were below the EMA-50 earlier this year, but-in the MALIIUS offer-the EMA-200 never lost, which is now located within a wide petition area with a list colors ranging from approximately 0.11 to $ 0.20.
The second layer of support comes from the rising red trend that connects October 2023, August 2024 and the April 2025. The last decline, called “2” wore almost specifically as this Qatari meets with EMA-200 and the lower edge of the demand-a region of the trio meeting that technicians often sees as a starting point for textbooks for the next progress.
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The initial MALIUS thesis is on an overlapping number 1-2, 1-2 Elliott Wave. The first “1-2” sequence began with a heading to approximately $ 0.2288 in March 2024, when it was recovered to $ 0.0805 in August of the same year, then ignited a largest flowing leg above approximately $ 0.4843 in December last year (classified on “1”). Complete the corrective follow -up to $ 0.1298 in April 2.
In Elliott terms, there are two consecutive structures of 1-2 “Wind the Spring” for the 3rd wave of (3)-Understanding the longest and most severe part of the motivation. Maelius sets the next third wave, uniform the subsequent wave, and the last fifth wave in the empty area above the current price.
Dog is expected to reach approximately $ 1 as part of the third wave, followed by the fourth correspondent wave less than $ 0.70. The fifth wave is expected to reach its climax somewhere between $ 1.30 and $ 1.70.
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Below the procedure in which the oscillator (WTO) is sitting, a momentum is closely related to TSI, which measures the distance between the price of the original and its smooth values. The World Trade Organization prints two lines and a graphic drawing. The ups of the upper cycle begins when the fastest line crosses over the slower line of the sales lands (-60/-53 in standard settings).
This cross has just launched the time frame for one week for the first time since the minimum level in August 2024. The graph from deep red to neutral gray, echoing similar transformations preceding the former vertical progress of Dogecoin.
The graph describes together a market bearing a multi-year demand block, trading over EMA for 200 weeks, and testing it-although it is not recovered yet-EMA for 50 weeks, and shows a new cross of bullish momentum. From the point of view of a pure scheme, these components satisfy many of the circumstances that technicians are looking for when searching for the beginning of the initial direction leg.
Maelius concludes: “Doge looks incredible here, despite the fact that it decreased as I initially expected (I expected EMA50). It respects the main demand area, EMA200, as well as Qatari support, and it seems that it seems that 1,2,1,2 has now been completed at the bottom.
At the time of the press, Dog was traded at $ 0.18445.
Distinctive image created with Dall.e, Chart from TradingView.com
