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The first Livestream of Cantonais Cat for weeks, broadcast on June 15, devoted a prolonged segment to the long -term structure of Dogecoin – and the veteran technician was unequivocal as to the increase he still sees. Depending on his words, “it’s always a cup and it’s always a handful”, and if this training ends, it expects the same to break “everywhere from $ 5 to $ 8”. This objective, he added, is anchored by the intersection of a monthly gan arch and fibonacci extensions which governed the whole advance of Dogecoin after 2020.
Dogecoin price could reach $ 8
The analyst began by going beyond the graph to his monthly time and to switch the short -term size. He noted that Dogecoin has already tested the lower limit of the Ichimoku cloud and, despite not having “penetrated the monthly cloud” during the first attempt, continues to cross up below. “Even if it happens laterally for a month or two,” he said, “it will enter the cloud of Ichimoku in one way or another-you can either push like that, or you can simply go laterally and you enter the cloud.” In one or the other of the scenarios, the tenor remains constructive because the price “forms higher highs and higher stockings”.
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At the heart of his conviction is the simple 20 -month mobile average, a line which he considers the spine of each major cycle of the Dogecoin bull. During the manic series at the beginning of 2021, the action of the prices “mounted the 20 (-mois SMA)” without breaking it once; When this mobile average finally failed, the bear market followed.
Today, Dogecoin is above the same level. “It seems that we can use this as a support,” he explained, and this support area – currently just below the handle – supports what he calls a “purchasing area” for traders on a long horizon. The analyst himself “bought more Doge in the last 4 to 5 days,” he revealed via X.
The Cantonese cat has also discussed the lethargy of the medal since April, insisting that compression is constructive rather than dangerous. He underlined the fact that Dogecoin was crushed just under the logical scale of 0.5 of all the decline of 2021-2022, a behavior which he interpreted as “reinforcing energy”. The longer the coil, the more possible expansion, he argued, has it allowed that higher time mobile averages remain intact.
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Pressed by viewers on timing, the analyst refused to publish a calendar and reminded his audience that the breakout almost certainly coincides with a wider ALT season. However, he pointed out that the price of the moment enters the cloud of Ichimoku as the technical “green light” for acceleration. Once this happens, the objective of the measured movement of the cup and the hand and the intersection of the GAN arc converge in the zone of $ 5 to 8 – levels which would represent new peaks of all time and provide yields of around 3,000 to 5,000% of current prices.
“Everything that is closer to the mobile average twenty and one is a good area to add,” he concluded, warning newcomers so as not to chase away the sudden green candles but to accumulate methodically while the graph remains “boring”. The involvement is clear: Dogecoin’s dormancy can be the last to shake before the greatest impulse of the cycle, and those who ignore calm can indeed “regret sleeping on this graph” if – and only if – the structural signals of the Cantonese cat roads are put in place.
At the time of the press, DOGE exchanged $ 0.177.
Star image created with dall.e, tradingView.com graphic
