Dogecoin Pops 5% Today as Elliott Wave Pattern Signals Move Toward $1.20 Target

Updated

November 10, 2025

Gambar Dogecoin Pops 5% Today as Elliott Wave Pattern Signals Move Toward $1.20 Target

Jakarta, Pintu News – Today’s Dogecoin price prediction suggests that the popular meme coin could potentially rally towards the end of the year, following the filing of a form 8(a) by the largest digital asset manager in the US, Bitwise, to launch the first spot Dogecoin ETF.

If the ETF approval is granted as soon as November as proposed, crypto market participants could witness a significant spike in the price of DOGE, with a potential increase of up to 8 times the current price to $1.2 by early 2026.

The situation is reminiscent of the 2021 rally, when Dogecoin skyrocketed more than 350 times, rising from $0.05 in February 2021 and peaking at $0.73 in just three months.

Dogecoin Price Rises 5.07% in 24 Hours

On November 10, 2025, Dogecoin saw a 5.07% gain over the previous 24 hours, trading at $0.1806, or approximately IDR 3,006. Over the same period, DOGE fluctuated between IDR 2,852 and IDR 3,055.

At the time of writing, Dogecoin holds a market capitalization of roughly IDR 458.11 trillion, with a 24-hour trading volume of around IDR 28.78 trillion.

Bitwise ETF approval could potentially push DOGE to $1.20

The current situation mirrors the 2021 rally, when Dogecoin jumped more than 350 times, from $0.05 in February to $0.73 in just three months.

ETF analyst from Bloomberg, Eric Balchunas, reports that Bitwise has just updated their S-1 registration by removing the “delay amendment.” This move triggers the Section 8(a) process in the US Securities Act regulations, which allows ETFs to become effective automatically within 20 days of filing if there is no intervention from the SEC.

Looks like Bitwise is doing the 8(a) move for their spot Dogecoin ETF, which basically means they plan on going effective in 20 days barring an intervention. pic.twitter.com/y8jyxbYKXQ
— Eric Balchunas (@EricBalchunas) November 6, 2025

If the SEC does not take action, the spot Dogecoin ETF could start trading as early as November 26, 2025.

Grayscale has also submitted a similar application to begin the approval process for its own version of the ETF. If approved, Dogecoin will be one of the first altcoins with a spot ETF listed in the US, opening up access to regulated DOGE investments for both retail and institutional investors.

BitGuru market analysts revealed that after the ETF announcement, $DOGE broke out of a long consolidation phase and broke the downward trend through a sharp price surge.

$DOGE just came out of a long consolidation and broke the downtrend with a strong bullish rebound.

It’s now holding right under the key $0.186 resistance zone if this level flips, momentum can accelerate fast. Structure is turning bullish again. pic.twitter.com/Zv8KNWCnb6
— BitGuru 🔶 (@bitgu_ru) November 8, 2025

At the end of the week (8/11), DOGE was trading just below the important resistance zone of $0.186. If it is able to break this zone, the market structure will return to an uptrend. Meanwhile, accumulation activity by large investors (whales) increased sharply. Data from Glassnode shows that 11.12 billion Dogecoin tokens have been accumulated around the $0.20 level, making it a key resistance zone.

Dogecoin Price Prediction: Elliott Wave Theory Projects $1.20 Target

Technically, the weekly chart of Dogecoin (DOGE/USD) uses the Elliott Wave Theory to chart a bullish long-term outlook.

The current structure suggests that DOGE has completed major impulse waves I to IV, and the market is now in a position to enter wave V, the potential final upside phase.

$DOGE

Macro Target: $1-2#Doge has arguably one of the best idealized Elliott Wave 5-wave structures on the macro up to the wave 4 termination point.

The only bullish option left will be observed as an Expanding Ending Diagonal, as impulsive options are now off the table. pic.twitter.com/NWBWhYJn3o
— XForceGlobal (@XForceGlobal) November 7, 2025

The “protected” wave 4 low around $0.18 becomes a crucial support area; holding above this level reinforces the validity of the bullish projection.

The chart forecasts that after a brief consolidation phase or minor correction, DOGE has the potential to resume its rise towards the next impulse target of $1.20.

As long as the price remains above $0.18, the path of least resistance points upwards, indicating the next big rally could happen towards the end of the year.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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