Strictly editorial policy that focuses on accuracy, relevance and impartiality
Made by experts from the industry and carefully assessed
The highest standards in reporting and publishing
Strictly editorial policy that focuses on accuracy, relevance and impartiality
Morbi Pretium Leo et Nisl Aliquam Mollis. Quisque Arcu Lorem, Ultricies Quis Pellentesque NEC, Ullamcorper Eu Odio.
The first live stream of the Cantonese cat in weeks, broadcast on 15 June, devoted an extensive segment to the long-term structure of Dogecoin and The experienced technician was unambiguous about the advantage that he still sees. In his words: “This is still a cup and this is still a handle”, and when that formation completes, he expects the meme-mint “everywhere to break from $ 5 to $ 8”. “That target, he added, is anchored by the intersection of a monthly GAN-arch and fibonacci extensions that have arranged the entire progress of Dogecoin.
Dogecoin -Price can reach $ 8
The analyst started stripping the graph to his monthly time frame and the disabling of junk in the short term. He noted that Dogecoin has already tested the lower limit of the Ichimoku cloud and, despite the fact that he “invades the monthly cloud” at the first attempt, continues to rinse. “Even if it goes aside for another month,” he said, “it is somehow going into the Ichimoku cloud – you can push up like this or you can just go sideways and you get into the cloud.” According to both scenarios, the tenor remains constructive because the price is “higher highlights and higher lows.”
Related lecture
Central to his conviction is the 20-month simple advancing average, a line that he regards as the spine of every large Dogecoin Bull cycle. During the manic run of the beginning of 2021, the price promotion rode the 20[-month SMA] Up ”without ever breaking it; when that advancing average finally failed, the Berenmarkt followed.
Nowadays Dogecoin is on top of the same level. “It seems that we can use that as support,” he argued, and that support zone-now just below the handle-where he is capable of what he calls a “purchase zone” for traders in long horizon. The analyst himself “was buying more doge for the last 4-5 days,” he unveiled through X.
The Cantonese cat also spoke the lethargy of the coin since April and insisted that the compression is constructive instead of dangerous. He pointed to the fact that Dogecoin grinds just below 0.5 log-scaled retracement of the entire decrease of 2021-2022, a behavior that he interprets as “build some energy”. The longer the coil, the sharper the final expansion, he argued, on condition that the higher time moving averages remained intact.
Related lecture
By viewers about timing, the analyst refused to publish a timetable and reminded his audience that the breakout almost certainly coincides with a broader Alt season. However, he marked the moment that price again enters the Ichimoku cloud as the technical “green light” for acceleration. As soon as that happens, the measured purpose of the cup and handle and the GAN ARC intersection in the $ 5- $ 8 levels zone would convert new all-time and returns of around 3,000-5,000 percent of the current prices.
“Everything that is closer to the twenty -one advancing average is a good area to add,” he concluded, and warned newcomers not to chase suddenly green candles, but to accumulate methodically while the graph remains “boring”. The implication is clear: the peace of Dogecoin can be the last shake -out before the biggest impulse of the cycle, and those who ignore the calmness can indeed “regret sleeping on this card” if – and only the structural signals Cantonian cat tracks fall into place.
At the time of the press, Doge traded at $ 0.177.
Featured image made with dall.e, graph of tradingview.com