Dogecoin’s Meteoric Rise: Will It Hit $4 or Are We Dreaming?

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Ah, the ever-whimsical world of crypto! In a video that’s practically a symphony for the optimists, our favorite crypto soothsayer, Cantonese Cat (@cantonmeow), has unveiled his rather audacious forecast for Dogecoin. Yes, indeed, he claims the beloved meme coin is ready to launch into its third major cycle, with promises of multi-dollar price targets-assuming, of course, it can hurdle a few resistance levels. “I’m extremely bullish on Dogecoin. I’m not going to be shy about it,” he declares, because subtlety is clearly overrated. 🙄

Dogecoin Breakout? Even Bears Might Get a Shock! 🐻

Now, hold onto your hats as Cantonese Cat pulls out his technical wizardry. Starting with the monthly chart (because why not begin with a bang), he points out that the 20-month moving average has historically danced between being a pesky resistance and a reassuring support at critical moments. “Dogecoin is now holding the 20-month moving average like a champ, stepping up in a dignified manner,” he observes. I mean, who wouldn’t want a currency that steps up with such poise? 👑

And it gets juicier! Instead of going all wild and impulsive, Dogecoin is casually tiptoeing into the Ichimoku Cloud, “quietly going sideways.” Yes, sideways-a true master of nonchalance. “This is bullish, at least in my humble opinion,” he winks. 🐱

For the geeks among us, he’s quite pleased to describe the structure of this cycle as a “classical base-building sequence.” Imagine a giant cup with a handle, because everything sounds better with a cup. “The handle retraced just enough-about 0.382 on the Fibonacci scale-before it resumed its trend.” Ah, Fibonacci-the mystical code that rules the crypto universe. 🌌

Flipping to the weekly timeframe, Cantonese Cat once again points to the 20-week simple moving average and the 21-week exponential moving average forming a “support band.” This is no longer a ceiling, mind you-it’s a floor. And floors are for walking on, not for crashing into. “Breaking above the support band resistance? A good thing, not a bearish thing!” he cheerfully reports.

But wait-there’s more! The 20-week average is curling up, the Ichimoku baseline is holding strong at 20 cents, and there’s talk of a “double bottom” forming. Don’t worry if you don’t get it all-just know that everything is looking more bullish than a bull in a rodeo. 🐂

Dogecoin’s Price Target-Can We Dream of $4? 💭

Now, of course, the big question: What’s the price target? Well, Cantonese Cat isn’t quite predicting a meteoric jump to the moon, but he is looking at more realistic targets, like $1.50, $2.27, and maybe-just maybe-$4. “But, of course, that requires breaking through the tough resistance levels first,” he says with a twinkle in his eye. 🧐

He doesn’t want to “rush the process,” though. “One step at a time, people! We first need to break above key levels like $0.41, $0.54. It’s all a sequence of tiny victories leading up to the grand finale.” Oh, and don’t expect him to get too specific about timing. “I don’t play 3D chess with the calendar,” he says, wisely choosing to wait for the market to give him “higher lows” before buying more Doge. 🕰️

Ultimately, if Dogecoin can clear its retracement hurdles, the road to $1.50, $2.27, and maybe even $4 is open. But, for now, the pressure is on the bears to prove this is a “bearish” trend-though good luck with that, says Cantonese Cat. “This is not a bear trend,” he boldly declares, as if daring the market to prove him wrong. 😎

At press time, Dogecoin was lounging comfortably at $0.231, waiting to surprise us all. 🐾

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2025-09-08 10:37