Overview
- An Elliott Wave projection generated by Grok and shared on X suggests DOGE could reach $4.48–$5.76 on a standard 1.618 wave‑3 move, with an extreme 2.618 case pointing to about $37.76–$48.55 in strong bull markets.
- Brave New Coin’s math shows $5.76 would imply roughly an $840 billion market value given Dogecoin’s supply above 146 billion, a leap many analysts view as unrealistic under current conditions.
- Dogecoin is trading near $0.16 after recent weakness, with multiple chartists tracking a symmetrical triangle and eyeing rebound scenarios toward about $0.35, while one analyst flags a stretch target near $0.6533 if momentum improves.
- Bitwise revised its spot DOGE ETF filing to invoke Section 8(a), which could allow the fund holding actual Dogecoin to become effective around November 26 unless the SEC intervenes, with Coinbase as custodian and a proposed NYSE Arca listing.
- Coverage highlights that Elliott Wave counts are subjective and unproven, and that DOGE’s direction remains closely tied to Bitcoin and broader risk sentiment rather than deterministic models.