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The unlikely price objective at $ 1 for Dogecoin returned to the spotlight after the independent crypto analyst Canton Cat (@Cantonmeow) shared a daring new projection of Ichimoku on July 3. In a graph displayed on X, the analyst described a parabolic price trajectory for Doge late over 2 weeks, suggesting that memorization could start an explosive ascent late in the end of 2025, finally reached the symbolized could start an explosive ASCENT late in the end of 2025, finally reached symbolize could start a late explosive ascent at the end of the 2025.
Dogecoin’s dream at $ 1
THE projection Based on Doge’s ability to maintain the current upper structure above the Ichimoku cloud, with a brief remedy later this year during takeoff. “Doge 2 weeks of candles, Cloud Ichimoku shown. Why am I buying Doge? Because I’m delusional and that’s what I think,” wrote the merchant, twinning the ironic self-awareness with the longer term conviction rupture scenario.
At the time of the graph’s publication, Dogecoin was negotiated at $ 0.172, up almost 14% on the fortnight. The price action shows a clean rebound on the top of the green cloud of Ichimoku, suggesting that DOGE has an upward structure on a high period of time, a key technical criterion in the theory of monitoring the trends of Ichimoku.
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The cloud of Ichimoku (Kumo) on the period of 2 weeks, calculated with the traditional parameters of 09/26/52/26, shows the main scope A (Senkou A) currently above space B (Senkou B), forming an green cloud – indicative of an upward trend perspective. Doge’s price is higher than the cloud, which acts as a dynamic support. This is critical: Ichimoku practitioners consider the price higher than the cloud in a bullish diet, especially on higher deadlines.
The black -drawn black curve of the analyst on the graph starts almost $ 0.17 and is initially curved downwards, touching the upper limit of the Kumo in the near future, probably near the area from 0.15 to 0.16 $. This suggests an expected detection of cloud support, a common configuration in trendy continuation professions. Rather than projecting a breakdown, the curve represents this contact as a springboard for a fast vertical rally.
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Once the price has completed its clouds, the trajectory is getting closer considerably, hitting the resistance of the general costs almost $ 0.29 – the flat level of approximate Kijun -Sen – then the most previous in 2024 continued. The last section of the curve accelerates towards the level of $ 1 in 2026, in accordance with the behavior observed in the anterior phases of the same manner.
Interestingly, the conviction of Catonais Cat occurs despite several short -term signals. Only two days before publishing the graph, the analyst wrote: “Dogi closed the month below the 20 -month SMA, with a downwinding candle! I would care that the volume was not so pathetic … “This declaration recognized the structural weakness but rejected on the basis of a low participation, leading that the sellers lacked conviction.
The same day, the merchant revealed renewed entries in Doge and AvalancheDeclaring: “I don’t know if I do it well, but I bought Avx and Doge again this morning.”
Wider context
The Memetic status of Doge makes it particularly sensitive to changes in feeling, and it is not correlated with the fundamentals in the traditional sense. However, on the bullish markets 2021 and 2024, DOGE served as a proxy for the appetite of the retail risks, often surpassing the attention turned by majors like Bitcoin and Ethereum.
The forecasts of the green cloud and the increasing trajectory in 2026 can reflect not only the technical configurations, but a broader cyclical expectation: that Another wave of liquiditySpeculative mania or cultural relevance could give back to the spotlight. For the moment, however, the price must contain the cloud before the market can validate this roadmap.
At the time of the press, DOGE exchanged $ 0.1678.
Star image created with dall.e, tradingView.com graphic
