Dogecoin (DOGE) is urgent right into a technical inflection that, in keeping with impartial chartist Cantonese Cat (@cantonmeow), will both conclude the present upswing “in 2 months” or lengthen right into a third-wave advance towards roughly $2. “Both the cycle’s over in 2 months, or it’s going to what I believe is the subsequent probably wave 3 goal at $2 (1.618 of wave 1), give or take,” the analyst wrote on X, sharing a three-chart bundle that facilities on the weekly Ichimoku profile, a every day trendline break, and multi-year Fibonacci ranges.
Dogecoin Cycle Collapse Or Wave 3 To $2
On the weekly timeframe, DOGE is buying and selling round $0.27 and making an attempt to re-enter the Ichimoku cloud from beneath. The posted Ichimoku readout reveals key ranges clustered simply above spot: the Tenkan/Kijun pair sits within the mid-$0.22 to mid-$0.25 space, whereas the ahead spans bracket the cloud with an higher boundary close to $0.2969.
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The chart annotation—“DOGE says it’s raining outdoors and it desires to get again contained in the weekly Ichimoku cloud”—underscores that bulls first want a decisive shut again contained in the cloud physique after which by its prime, with the ~$0.30 zone performing because the fast weekly resistance. A weekly acceptance above the cloud prime would mark a regime shift from impartial/resistance to supportive circumstances on Ichimoku phrases; failure would preserve worth pinned beneath a heavy ceiling.
The companion every day chart isolates construction inside that broader setup. An extended descending trendline drawn from the late-2024 highs is proven breaking to the upside in late Q2, with subsequent worth motion pulling again to retest the damaged line within the mid-$0.24–$0.25 area and bouncing again towards $0.27.
That sequence—breakout, retest, maintain—retains the short-term bias constructive as long as worth stays above the reclaimed trendline and the late-September swing-low zone round $0.24. The analyst appended “DOGE every day—No replace,” implying the every day construction stays intact and unchanged for the reason that breakout and retest.
The third chart frames the bigger roadmap by way of Fibonacci measures taken from the multi-year base. Labeled retracement traces place 0.236 at $0.0843, 0.382 at $0.1177, 0.500 at $0.1542, 0.618 at $0.2021 and 0.786 at $0.2968, with the “1.0” marker at $0.4844.
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Above that, extension targets plot at 1.272 ($0.9029), 1.414 ($1.2497) and 1.618 ($1.9934). These ranges align with the analyst’s said “wave 3” goal close to $2, whereas concurrently highlighting the significance of the ~$0.30 band: it coincides with the weekly cloud prime and the 0.786 retracement.
A clear transfer by $0.2968–$0.30 would subsequently open the trail towards the 1.0 pivot at ~$0.4844. Conversely, rejection beneath $0.30 retains DOGE trapped between the cloud underside and every day assist, with $0.2021 (0.618) the subsequent main Fibonacci assist ought to the $0.24–$0.25 shelf give approach.
In brief, the analyst’s two-way framing is anchored in clearly outlined technical gates. The upside case requires weekly acceptance again into—after which out of—the Ichimoku cloud, led by a break of ~$0.30 and development towards the $0.48 “1.0” marker and the $0.90–$1.25 extension band forward of the 1.618 projection at ~$1.99.
The draw back or “cycle carried out” interpretation can be signaled by failure to carry the every day trendline retest and a slide again by $0.24 towards the $0.20–$0.21 confluence across the 0.618 retracement. For now, DOGE sits mid-range at roughly $0.27, with the cloud prime at $0.2968–$0.30 performing because the next decisive test.
At press time, DOGE traded at $0.26.
Featured picture created with DALL.E, chart from TradingView.com
