Can Dogecoin Price Still Reach $10 With The 3rd Wave Deadlock?

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. A long-term structural analysis suggests the Dogecoin price may be approaching a critical point in this market cycle. With price action compressing and volatility fading, a crypto analyst’s wave-based assessment suggests that DOGE is preparing for an explosive surgetoward $10 and beyond, driven by a third-wave deadlock.  Third Wave Deadlock To Fuel Dogecoin Price Rally

Crypto market expert EtherNasyonal has statedthat Dogecoin remains trapped within a third-wave deadlock. This means the cryptocurrency has not yet shown the decisive movement that typically follows a strong wave. Instead, it continues to trade in a tight rangewithout confirming a clear breakout as the price remains confined to the lower region of the ascending channel.  Related Reading Dogecoin Falling Wedge Formation Says Expect 80-90% Rally In The Coming Days 1 day ago

The analyst shared an Elliott Wave charthighlighting Dogecoin’s long-term trajectory and price targets above $10, based on a multi-year channel model. His analysis highlights three major waves that define the meme coin’s macro structure. The first wave, which started in 2014, saw an early breakout in 2017, while the second wave triggered the explosive 2021 bull rally. The price action that followed transitioned into the current third wave, during which Dogecoin remains locked in a consolidation zoneas it awaits the wave’s completion.  Source: Chart from EtherNasyonal on X

If historical patterns were to repeat, EtherNasyonal suggests that Dogecoin could see a third-wave breakout. His chart analysis reveals an ascending channel pointing to several upward targets. If the cryptocurrency manages a breakout, the channel points to an initial target around $0.5, followed by higher targets ranging from $1.2 to over $16. The analyst has also stated that the third-wave breakout will define the strength and direction of Dogecoin’s next major trend.  Analyst Says Dogecoin Will Reach $1 By 2026

A fresh analysis from crypto market expert Trader Tardigrade focuses on a less ambitious price target for Dogecoin and on a different timeframe. His weekly chart showsthat the meme coin has repeatedly bounced off a long-standing ascending support line. Each of these past rebounds has triggered significant rallies in the Dogecoin price.  Related Reading Dogecoin’s 6,500% Surge: The Road That Leads From $0.15 To $10 This Cycle 1 week ago

In November 2024, the meme coin skyrocketed by 86.77%. Just four months later, in March 2025, Dogecoin launched another impressive rally, climbing 210.52%. The momentum continued in November of the same year, with the price surging by 442.48%.

Trader Tardigrade notes that Dogecoin has returned to this launchpad area once again, testing the same trendlines that previously ignited strong upward movements. If the historical pattern holds, the analyst predicts DOGE could hit $1by Q1 2026. His chart shows a potential 611.80% from present levels around $0.15.

Although the meme coin is currently in a slump, having lost more than 20% over the past month according to CoinMarketCap, Trader Tardigrade remains confident in its long-term outlook. A move toward $1 would signal a decisive bullish reversal, restoring investor sentimentand overturning the prevailing downtrend. DOGE trading at $0.15 on the 1D chart | Source: DOGEUSDT on Tradingview.com Featured image from Getty Images, chart from Tradingview.com