Dogecoin Forms Golden Cross as Wave 3 and ETF Buzz Set $0.3763 Target in Focus

Dogecoin confirms a Golden Cross, double bottom, and Wave 3 setup, targeting $0.3763 upside.

ETF speculation with 75% approval odds boosts bullish sentiment across Dogecoin’s investor base.

Analysts track macro cycle repeat after DOGE held key $0.12 support and bounced with volume.

Dogecoin (DOGE) has flashed a Golden Cross on the daily chart, signaling potential for a strong upward trend. At the time of writing, Dogecoin was trading at $0.2207. Analysts are watching multiple aligned indicators, including a confirmed double bottom and Elliott Wave 3 formation, that support a possible move toward $0.3763. Market speculation around a DOGE ETF has further added to the optimism.

Golden Cross, Wave 3, and Double Bottom Align

According to analysis prepared by Joe Swason, Dogecoin has confirmed a Golden Cross on its daily chart. This occurs when the 50-day moving average crosses above the 200-day moving average. Historically, this pattern is considered a bullish signal in both crypto and traditional markets.

In addition to the crossover, the chart structure reveals a confirmed double bottom pattern, with key support holding near $0.12. The breakout from this formation aligns with Elliott Wave Theory, which places DOGE in Wave 3

This wave often leads to extended price expansions in strong trending markets. Analysts believe that if the structure holds, DOGE could reach a projected target of $0.3763, based on Fibonacci extensions and historical resistance levels from 2022.

ETF Expectations and Macro Trend Add Fuel

Market sentiment has been lifted by growing discussion about a potential DOGE ETF. According to community estimates and several crypto analysts, the odds of approval stand near 75%

Source: Bitcoinsensus(X)

While regulators have not confirmed any decision, the expectation has attracted renewed interest from traders and long-term holders. Bitcoinsensus noted that DOGE’s macro pattern resembles previous cycles, which included 80x and 240x rallies in 2017 and 2021

Source: MasterKenobi(X)

The analyst suggested that Dogecoin may be building a base for another major move. Master Kenobi also observed that DOGE may have established a bottom and that breaking above key resistance could reinforce a bullish continuation.

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