In a video analysis published today, the crypto chartist known as Cantonese Cat (@cantonmeow) laid out a multi-time-frame bullish case for Dogecoin, arguing that the asset is entering a third major cycle with technicals aligning for an upside break and multi-dollar targets\u2014provided key resistance levels are cleared. \u201cI\u2019m extremely bullish on Dogecoin. I\u2019m not going to be shy about it,\u201d he said, adding that the current advance looks \u201ca lot healthier than the last cycle.\u201d<\/p>\n
Cantonese Cat frames<\/a> the landscape first on the monthly chart, where the 20-month moving average has historically toggled from resistance to support at major inflection points. In his view, Dogecoin is now \u201ckind of holding the 20-month moving average and taking a little bit of a stepwise approach on the way up here, forming overall higher highs and higher lows.\u201d<\/p>\n He also notes a quiet re-entry into the Ichimoku Cloud via consolidation rather than a blow-off impulse: \u201cWe are currently entering the Ichimoku cloud here very quietly by just going sideways. This is a break in of the cloud and this is bullish as far as I\u2019m concerned.\u201d<\/p>\n Structurally, he characterizes the cycle as a classical base-building sequence. \u201cIt looks like a big giant cup with a handle,\u201d he said, emphasizing that the handle retraced to a technically \u201creasonable\u201d depth. With Fibonacci overlays applied, he observes that the pullback reached the 0.382 retracement\u2014consistent with constructive, mid-cycle digestion\u2014before price resumed trend. More broadly, he argues Dogecoin has been respecting Fibonacci pivots in an orderly, trend-like cadence: \u201cBasically, you\u2019re taking three steps forward, two steps back. This is a very healthy bull trend until proven otherwise.\u201d<\/p>\n On the weekly timeframe, he points to the confluence of the 20-week simple moving average and the 21-week exponential moving average\u2014the support \u201cband\u201d many crypto traders track\u2014as now acting as a floor rather than a ceiling. \u201cYou also broke above the support band resistance over here and flip into support. That\u2019s also not a bearish thing here at all,\u201d he said.<\/p>\n The Ichimoku baseline has, in his words, been defended \u201cat around 20 cents\u2026 very, very well for a long time,\u201d while the 20-week average is \u201ccurling up,\u201d further reinforcing the view that momentum is tilting higher. He also flags a \u201cdouble bottom<\/a>\u201d and a successful back-test of the breakout zone that, taken together, leave him expecting upside resolution: \u201cI think breakout is probably imminent whenever it wants to happen.\u201d<\/p>\n Cantonese Cat underscores multi-time-frame alignment as a key tell. According to his read, the 20-period moving average has been reclaimed on the daily, two-day, three-day, weekly, and monthly charts. The main near-term caveat is tactical: an \u201cimpulsive move\u201d has pushed price \u201cway outside the 12-hour bullish band,\u201d which he believes explains the current pause. He also acknowledges a diagonal resistance line that may be undergoing a back-test, but does not see it as thesis-breaking.<\/p>\n When pressed by his own audience for destinations, he distinguishes between conditions and targets. He argues that last cycle\u2019s run into a 2.272 logarithmic Fibonacci extension is unlikely to repeat verbatim. This time, he sees the 1.272, 1.414, and 1.618 extensions as more realistic markers<\/a>\u2014levels he maps to approximately \u201c$1.50, $2.27, and maybe close to $4.\u201d<\/p>\n But he stresses the path-dependency: \u201cThose are going to be the requirement for some of these higher targets to be met\u201d only if Dogecoin can first clear the deep retracement band on this cycle. \u201cWe need to break above the 0.786 and the 0.86 this cycle,\u201d he said, adding that \u201cone level at a time, $0.41, $0.54, we need to break above those before we can really try to entertain some of these\u2026 greater than the dollar targets.\u201d<\/p>\nDOGE Price Targets For This Cycle<\/h2>\n