Dogecoin (Doge) presses a technical turning, according to the independent Cantonmeow (Cantonmeow). “Either the course has ended within two months, or it will go to what I think is the next 3 -wave goal at $ 2 (1.618 of the 1st wave), give or take”, the analyst. books On X, a package of three plans focusing on the weekly Ichimoku profile, a daily trend lounge, and multi -year Fibonacci levels.
Dokwin course or a wave of 3 to 2 dollars
In the weekly time frame, DOGE is trading about $ 0.27 and trying to re -enter the Ichimoku cloud from the bottom. Ichimoku readings showed the key -collected key levels: Tenkan/Kijun’s pair sits in mid -$ 0.22 to mid -$ 0.25, while the front arc extends to the upper border near $ 0.2969.
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Explanation of the graph – “Dog says it is raining abroad and wants to return inside the Ichimoku Weekly Cloud” – Underscores, which requires bulls first to closed a decisive inside the cloud body and then through the upper part, where an area of approximately $ 0.30 works as an immediate weekly resistance. A weekly acceptance above the cloud summit would represent a transformation from the system from neutral/resistance to the conditions supporting Ichimoku; Failure will keep the price installed under a heavy roof.
The accompanying daily chart is isolated within this broader preparation. The long scattered trend line is displayed from the highest levels of late 2024 and is broken to the upward trend in the end of the second quarter, with subsequent prices to re-test the broken font in the mid-0.24 dollar-0.25 dollar and bounce about $ 0.27.
This sequence-beating, re-test, adherence-maintains the construction of prejudice in the short term as long as the price remains higher than the reclaimed trend line and the low region in late September is about $ 0.24. The analyst has attached “Doge Daily – no update”, which means that the daily structure is still intact and unchanging since the penetration and re -test.
The third chart performs the largest road map with Fibonacci measures taken from a multi -year base. The decline lines are placed 0.236 at 0.0843 dollars, 0.382 at 0.1177 dollars, 0.500 at 0.1542 dollars, 0.618 at 0.2021 dollars and 0.786 at 0.2968 dollars, with a “1.0” brand at 0.4844 dollars.
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Above it, the extension targets plot at 1.272 (0.9029 dollars), 1.414 (1.2497 dollars) and 1.618 ($ 1.9934). These levels are in line with the “3 -dollar wave” goal of the “wave 3” of the analyst near 2 dollars, with a highlight of the importance of the domain ~ 0.30 dollars: coincides with the weekly cloud summit and decline 0.786.
Thus, the clean move through $ 0.2968 – $ 0.30 will open the path to the axis 1.0 at approximately $ 0.4844. On the contrary, the rejection under $ 0.30 keeps a besieged Duj between the underside and daily support, with $ 0.2021 (0.618) the following main support Vibonacci if the amount is available 0.24 – 0.25 dollars.
In short, the analyst’s framing is installed in two directions in clearly specific technical gates. The upper direction state requires a weekly acceptance to the Ichimoku cloud, which leads it to the Echimoku brand, which leads it ~ $ 0.30 and advanced towards the extension mark of $ 0.48 “1.0” and 0.90 – $ 1.25 before production 1.618 at approximately $ 1.99.
The interpretation of the negative side or the “accomplished cycle” will be indicated by failing to keep the daily trend line and slip through $ 0.24 towards $ 0.20 $ 0.21 about the decline 0.618. Currently, medium-term DOGE sits about $ 0.27, with the top of the cloud at $ 0.2968 -0.30 dollars working as the following decisive test.
At the time of the press, Dog was traded at $ 0.26.
Distinctive image created with Dall.e, Chart from TradingView.com
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