Swissblock Flags Possible “Last Dance” for Dogecoin
The post Swissblock Flags Possible “Last Dance” for Dogecoin appeared on BitcoinEthereumNews.com.
Dogecoin (DOGE), the meme coin with the leading market capitalization and liquidity in the crypto market, is showing several potential signs of a new short-term rally. Analysis from Swissblock and its notable correlation with Bitcoin are raising hopes that DOGE could recover after five consecutive months of decline. Swissblock Predicts DOGE May Face a “Last Dance” Altcoin Vector, the institutional altcoin research arm of Swissblock, recently pointed out that DOGE’s Impulse index is showing a notable signal. The Impulse index is Swissblock’s proprietary indicator that measures an altcoin’s momentum. A strong surge in the Impulse indicator could become the final trigger. It could activate a new price rally for DOGE. DOGE Impulse Performance. Source: Altcoin Vector The analysis also highlights a notable correlation between Bitcoin and DOGE. The two assets have shown significant alignment over the past several months. Data from DefiLlama shows that the 1-year, 1-month, and 7-day correlation coefficients between BTC and DOGE are 0.79, 0.83, and 0.88, respectively. In the final week of February, Bitcoin recovered from $62,700 to $67,700. It also showed signs of a return to dip-buying flows. This could be a factor reinforcing Swissblock’s forecast. Henrik Zeberg, Head of Macroeconomics at Swissblock, presented a bullish scenario for DOGE. In his latest analysis, he applied Elliott Wave theory. He argued that DOGE is currently in Wave 4 and preparing to enter Wave 5. Wave 5 is the final rally of a major cycle. Therefore, he described the upcoming scenario as a potential “last dance” for DOGE. Dogecoin (DOGE) Price Structure. Source: Swissblock Zeberg compared the structure with historical performance. Wave 1 increased 22x. Wave 3 rose 65x. Wave 5 could still achieve a significant gain of 25x to 53x. “And if we can start to see Bitcoin bouncing off of this current levels and Ethereum,…
Filed under: News - @ February 27, 2026 12:26 pm