DOGEUSDT : To the moon...really? (Medium term - Wave analysis)

Dogecoin has been all over the place. If you don't know what's hot on the crypto market right now then you're missing out, big time. Here we have dogecoin, a Shiba Inu dog meme inspired coin first introduced in the late 2013 and just recently claimed a spot to be the 4th largest cryptocurrency by market capitalization valued at more than 64 billion USD. Dogecoin's meteoric rise (more than a whopping 10,000% YTD) has caught the headlines of most financial news and on most social media platforms all over the world, attracting new retailers to jump into the mania. Despite the impressive gain, it would be more interesting in our view however, to examine how far the trend has been going and more importantly to answer the one question - is the top near? From our wave analysis, dogecoin is currently on its way to complete wave V in which we put a target of around 0.789 USD area; an equal percentage gain measurement taken from the advance of wave i. The negative divergence or a top swing failure in RSI as shown by the arrow might support our wave counting in which most momentum oscillators would show divergence during the progress of wave 5s and Bs in expanded flats. We might see a final push from the current price towards the target given (0.789USD) as we believe the wave (iv) correction recently is nearing its end. If our wave analysis is correct, dogecoin is indeed near its top. We would rather step back, grab a bag of popcorn and watch the crowd rushing into the mania as the bubble pops.