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The first Catonian Cat Championship in the weeks, broadcast on June 15, has devoted a chip of Dukwin’s long-term structure-the veteran artistic technician was unambiguous about the upscale trend he still sees. As he put it, “this is still a cup and this is still handle,” and if this training is completed, it is expected to break the Kormy “anywhere from 5 dollars to 8 dollars.” He added that this goal is based on the intersection of the GAN and Fibonacci monthly extensions that govern the fully advanced Dogecoin after 2012.
The price of Dogecoin can reach $ 8
The analyst began stripping the graph to the monthly time frame and switching a short -term chaos. He pointed out that Dogecoin has already tested the lower boundaries of the Ichimoku cloud, and despite its failure to “penetrate the monthly cloud” in the first attempt, it continues the file under it. He said: “Even if things go on my side for another month or two, I will enter the Ichimoku cloud in one way or another – you can either press this way or you can only go to the side of the cloud.” Under any of the scenario, the duration remains constructive because the price “is its highest level and its lowest level.”
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Essential in its condemnation is the simple moving average for 20 months, a line that the backbone considers the main Dokwin bull cycle. During the rumor round in early 2021, the price “20 months SMA) installed without breaking it once; When this moving average recently failed, this is followed by the bear market.
Today, Dogecoin sits at the same level. “It seems that we are able to use this as support,” he said, the support area-at the present time below the handle-is mixed as it calls it a “purchase zone” for long horizon dealers. The analyst himself “was buying more Duji in the last 4-5 days,” as he revealed via X.
Cat Cat also took the currency inactivity since April, and insisted that the pressure is constructive, not dangerous. He pointed to the fact that Dogecoin is grinding under the registry scale 0.5 to the entire decrease of 2021-2022, a behavior that explains it as “building some energy.” He said that the longer the twisting period, the more severely the expansion, the more severely the average transfers of the frame remains intact.
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Pressure by viewers about the timing, the analyst refused to publish a timetable and reminded his fans that the hack will definitely coincide with a wider season. However, he expanded the price of the moment when Ichimoku cloud is re -inserted as the artistic “green light” of acceleration. Once this occurs, the conservative goal of the cup, average and the GAN Arc intersection is converging in the region of $ 5 to $ 8-which are levels that are the highest level ever and offer returns of approximately 3000 to 5,000 percent of the current prices.
He concluded that “anything is closer to average and twenty moving averages is a good area to add it,” and the new arrivals warned against chasing sudden green candles but to accumulate systematically while the scheme remains “boring”. The implicit meaning is clear: Dogecoin may be the final shake before the biggest motive for the cycle, and those who ignore calm may “regret sleeping on this scheme” if – only – if – the structural signals of the cantone cats indicate their place.
At the time of the press, Duji was traded at $ 0.177.
Distinctive image created with Dall.e, Chart from TradingView.com
The post $8 Dogecoin? Analyst Says You’ll Regret Sleeping On This Chart first appeared on Investorempires.com.
