Chartist Lays Out Parabolic Scenario

The unbelievable $1 worth goal for Dogecoin has returned to the highlight after unbiased crypto analyst Cantonese Cat (@cantonmeow) shared a daring new Ichimoku-based projection on July 3. In a chart posted to X, the analyst outlined a parabolic worth trajectory for DOGE utilizing 2-week candles, suggesting that the memecoin may start an explosive ascent in late 2025, finally reaching the symbolic one-dollar mark.

The $1 Dogecoin Dream

The projection rests on DOGE’s skill to take care of present bullish construction above the Ichimoku cloud, with a short retest later this 12 months throughout liftoff. “DOGE 2-week candles, Ichimoku cloud proven. Why am I shopping for doge? As a result of I’m delusional and that is what I’m pondering,” the dealer wrote, pairing tongue-in-cheek self-awareness with conviction in a longer-term breakout state of affairs.

On the time of the chart’s publication, Dogecoin was buying and selling at $0.172, up almost 14% on the fortnight. The value motion reveals a clear bounce off the highest of the inexperienced Ichimoku cloud, suggesting that DOGE is holding bullish construction on a excessive timeframe, a key technical criterion in Ichimoku trend-following concept.

Associated Studying

The Ichimoku Cloud (Kumo) on the 2-week timeframe, calculated with the normal 9/26/52/26 settings, reveals the Main Span A (Senkou A) presently above Main Span B (Senkou B), forming a inexperienced cloud—indicative of a bullish pattern outlook. DOGE’s worth is above the cloud, which acts as dynamic help. That is important: Ichimoku practitioners take into account worth above the cloud to be in a bullish regime, particularly on greater timeframes.

The analyst’s hand-drawn black curve on the chart begins close to $0.17 and initially curves downward, touching the higher boundary of the Kumo within the close to future, doubtless close to the $0.15–0.16 zone. This implies an anticipated retest of the cloud help, a typical setup in pattern continuation trades. Somewhat than projecting a breakdown, the curve depicts this contact as a springboard for a speedy vertical rally.

Associated Studying

As soon as the worth completes its cloud retest, the trajectory steepens dramatically, punching via overhead resistance close to $0.29—the approximate flat Kijun-sen stage—then persevering with previous prior 2024 highs. The ultimate stretch of the curve accelerates towards the $1 stage someday in 2026, in keeping with the conduct seen in prior memecoin mania phases.

Apparently, Cantonese Cat’s conviction comes regardless of a number of bearish near-term alerts. Simply two days previous to publishing the chart, the analyst wrote: “DOGE closed the month under the 20-month SMA, with a bearish engulfing candle! I might care if the amount wasn’t so pathetic…” That assertion acknowledged structural weak point however dismissed it on the premise of low participation, hinting that sellers lacked conviction.

The identical day, the dealer disclosed renewed entries into DOGE and Avalanche, stating, “I don’t know if I’m doing it proper, however I purchased AVAX and DOGE once more this morning.”

Broader Context

DOGE’s memetic standing makes it significantly inclined to sentiment shifts, and it stays uncorrelated to fundamentals within the conventional sense. Nonetheless, within the 2021 and 2024 bull markets, DOGE served as a proxy for retail danger urge for food, usually outperforming as soon as consideration rotated from majors like Bitcoin and Ethereum.

The inexperienced cloud forecast and the rising trajectory into 2026 could mirror not simply technical setups, however a broader cyclical expectation: that one other wave of liquidity, speculative mania, or cultural relevance may return DOGE to the highlight. For now, nevertheless, the worth should maintain the cloud earlier than the market can validate this roadmap.

At press time, DOGE traded at $0.1678.

Featured picture created with DALL.E, chart from TradingView.com