Today, a technical analyst in the circle, Cantonese Cat cantonmeow, gave an extremely bullish analysis for Dogecoin (\u003ct-181/\u003e) in a video, stating: Dogecoin is entering the third major cycle, the technical side is almost ready, and there is a chance to break through the key resistance, even reaching several dollars💰!\u003ct-185/\u003e
"I am really optimistic about Dogecoin; this bull market is much healthier than the last one."
🔥 The technical side is super healthy, and the bears may be getting anxious.
Cantonese Cat started from the monthly chart, and he found that Dogecoin has basically held the 20-month moving average, and the trend shows a stepped increase—meaning higher highs and higher lows📈.
He also noted that the market is quietly organizing rather than violently surging. It is now gently breaking through the Ichimoku cloud layer, which he sees as a clear bullish signal 👍.
He described the current cycle as a giant cup with a handle shape, with a pullback that is technically completely reasonable. According to the Fibonacci indicator, the price retraced to the 0.382 position and then rose again, showing that the market is healthily accumulating strength—simply put: taking three steps forward and two steps back, a very stable bull market rhythm 🐶.
📊 The weekly chart is also very bullish.
On the weekly chart, Dogecoin broke through the resistance of the 20-week and 21-week moving averages and successfully stabilized, forming support. The Cantonese cat pointed out:
The Ichimoku Kinko Hyo baseline has long been maintained at around $0.2.
The 20-week moving average is showing a curling upward trend.
A double bottom retest has been successful.
Overall, these technical signals point in one direction—an upward breakthrough is just around the corner ✨.
As of the time of writing, DOGE price is about $0.23.
🎯 The target price for DOGE.
For price targets, he differentiated between 'conditions' and 'ideal values':
Realistic targets: about $1.50, $2.27.
Aggressive targets: it may even surge close to $4.
However, the prerequisite is that Dogecoin must first break through the current retracement range. The specific steps are:
First break through $0.41, $0.54.
Then see if there is an opportunity to challenge higher targets.
The Cantonese cat emphasizes that this is not a short-term gamble but a systematic accumulation strategy. He has been consistently buying at every low point, waiting for the market to slowly give him higher lows 📈💎.
⏰ How to grasp the timing?
He acknowledged: It's hard to say the specific time, but the trend direction is very clear—Dogecoin may welcome a big surge in the next few weeks. He reminds everyone not to overly pursue precise timing and not to play short-term options ⏳, but to focus on the trend and key support levels.
Summary
This cycle is more robust than the previous one.
Highs and lows are continuously rising.
Multi-cycle moving averages and cloud layers support the rise.
Path-dependent price retracements are being digested.
The Cantonese cat's view is: Unless there is clear evidence, Dogecoin is not in a bear market trend. If it breaks through the remaining retracement levels, reaching $1.5, $2.2, or even $4 is not a dream 🌕.
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In the current market environment, short-term operations are indeed very necessary. If you keep waiting for the spot to rise, you may feel the torment of time. I have also been fully engaged in secondary short-term and primary Dogecoin operations recently, achieving good results. If you want to keep up, feel free to follow me!
