Last Dance

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Why <a href="https://minority-mindset.com/doge-usd/">Dogecoin</a> (<a href="https://jpyeur.com/doge-usd/">DOGE</a>) May Be Approaching Its “Last Dance”

Dogecoin, the most popular meme coin, is hinting at a possible price increase in the near future, based on recent market activity.

Recent analysis by Swissblock, and its connection to Bitcoin‘s performance, is leading some to believe that DOGE might start to rebound after a five-month losing streak.

Swissblock Predicts DOGE May Face a “Last Dance”

Altcoin Vector, the research division of Swissblock specializing in altcoins, recently highlighted a significant signal from DOGE’s Impulse index. This index, developed by Swissblock, is used to gauge the momentum of different altcoins.

A significant increase in the Impulse indicator might be the final signal needed to start a new price increase for DOGE.

Our analysis reveals a strong relationship between Bitcoin and DOGE. Over the last few months, these two cryptocurrencies have tended to move in the same direction. DefiLlama data shows their correlation is quite high: 0.79 over the past year, 0.83 over the last month, and 0.88 over the last week.

During the last week of February, Bitcoin’s price rose from $62,700 to $67,700. There was also increased buying activity when the price dipped, which supports Swissblock’s predictions.

Henrik Zeberg, Head of Macroeconomics at Swissblock, presented a bullish scenario for DOGE.

According to his recent analysis using Elliott Wave theory, Dogecoin is likely in the fourth wave of a five-wave pattern. This fifth wave typically represents the final surge in a larger price cycle, leading him to suggest that Dogecoin might be on the verge of a significant final rally – what he calls a potential “last dance.”

Zeberg analyzed the current situation by looking at past results. The first wave saw a 22-fold increase, while the third wave jumped 65 times its original size. The fifth wave still has the potential to grow significantly, possibly between 25 and 53 times its current level.

According to Henrik Zeberg, if Bitcoin and especially Ethereum begin to recover from their current price levels, Dogecoin might have one final surge to a new record high, even though it originally started as a joke.

DOGE’s Recovery Needs More Than Just Technical Signals

Looking at recent price movements, traders are noticing a potential breakout, which adds to the optimistic view of DOGE. If this breakout happens, the price could rise quickly and challenge important resistance levels, suggesting a final significant price increase is possible.

Dogecoin is showing signs of a potential breakout! The 4-hour chart is forming a contracting triangle, which means the price is getting squeezed between narrowing trendlines – making lower highs and higher lows. This pattern often leads to a significant price move when it breaks out of the triangle. Currently, the price is…

— Trader Tardigrade (@TATrader_Alan) February 27, 2026

Unlike many smaller, joke-based cryptocurrencies, Dogecoin has a substantial market value – over $16 billion – and is actively traded, with over $1 billion changing hands daily. Continued price increases for Dogecoin depend on significant investment from the general public.

DOGE often sees price changes when big news events happen or when someone influential, like Elon Musk, talks about it. To become popular again, DOGE might need a fresh story or reason to be noticed, and it can’t rely on technical improvements alone.

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2026-02-27 15:11