Dogecoin Up 20% In A Week And Poised For The 'Last Big Rally Of The Cycle', Analyst Says

Core Insights - Dogecoin (DOGE) has experienced a 20% surge in the past week, driven by optimism surrounding the upcoming DOJE ETF launch and technical indicators suggesting a potential significant price movement [1][6] - Historical data indicates that similar technical signals during previous bull runs led to substantial gains, with increases of 270%, 1,852%, and 1,751% noted from 2015 to 2017 [2] - Current signals in this cycle have already resulted in gains of approximately 280% and 497%, indicating that another rally may be on the horizon [3] Technical Analysis - The monthly stochastic RSI crosses are highlighted as indicators that have historically preceded major price increases for Dogecoin [1] - An MVRV ratio near 0.96 suggests that Dogecoin is currently undervalued compared to historical peaks, which range from 4 to 24 [3] - The relative strength index trendline support further reinforces the bullish technical outlook for DOGE [3] Market Context - The expectation of Federal Reserve rate cuts and dovish guidance is seen as a favorable macroeconomic environment for altcoins, including Dogecoin [5] - The potential for altcoin outperformance is emphasized, contingent on supportive monetary policy [4][5] - However, there are warnings that hawkish policies or rising inflation could disrupt this favorable setup [5] ETF Launch and Strategic Moves - The Rex-Osprey Dogecoin ETF (DOJE) has been delayed, with a new launch date anticipated next week, likely on Thursday [6] - CleanCore Solutions has announced its strategy to acquire 1 billion DOGE within 30 days, having already accumulated over 500 million DOGE [6] - The firm aims to secure up to 5% of Dogecoin's circulating supply, positioning itself as a significant player in the digital asset treasury space [7]