The $1 Dogecoin Dream Is Alive: Chartist Lays Out | Crypto News
The inconceivable $1 price goal for Dogecoin has returned to the highlight after unbiased crypto analyst Cantonese Cat (@cantonmeow) shared a daring new Ichimoku-based projection on July 3. In a chart posted to X, the analyst outlined a parabolic price trajectory for DOGE utilizing 2-week candles, suggesting that the memecoin may start an explosive ascent in late 2025, finally reaching the symbolic one-dollar mark.
The $1 Dogecoin Dream
The projection rests on DOGE’s means to keep present bullish construction above the Ichimoku cloud, with a transient retest later this yr during liftoff. “DOGE 2-week candles, Ichimoku cloud shown. Why am I buying doge? Because I’m delusional and this is what I’m thinking,” the trader wrote, pairing tongue-in-cheek self-awareness with conviction in a longer-term breakout situation.
At the time of the chart’s publication, Dogecoin was trading at $0.172, up practically 14% on the fortnight. The price motion exhibits a clean bounce off the highest of the inexperienced Ichimoku cloud, suggesting that DOGE is holding bullish construction on a high timeframe, a key technical criterion in Ichimoku trend-following idea.
The Ichimoku Cloud (Kumo) on the 2-week timeframe, calculated with the standard 9/26/52/26 settings, exhibits the Leading Span A (Senkou A) at the moment above Leading Span B (Senkou B), forming a inexperienced cloud—indicative of a bullish pattern outlook. DOGE’s price is above the cloud, which acts as dynamic help. This is important: Ichimoku practitioners contemplate price above the cloud to be in a bullish regime, particularly on greater timeframes.
The analyst’s hand-drawn black curve on the chart begins close to $0.17 and initially curves downward, touching the higher boundary of the Kumo in the close to future, doubtless close to the $0.15–0.16 zone. This suggests an anticipated retest of the cloud help, a common setup in pattern continuation trades. Rather than projecting a breakdown, the curve depicts this contact as a springboard for a speedy vertical rally.
Once the price completes its cloud retest, the trajectory steepens dramatically, punching through overhead resistance close to $0.29—the approximate flat Kijun-sen degree—then persevering with previous prior 2024 highs. The closing stretch of the curve accelerates toward the $1 degree someday in 2026, constant with the habits seen in prior memecoin mania phases.
Interestingly, Cantonese Cat’s conviction comes despite a number of bearish near-term indicators. Just two days prior to publishing the chart, the analyst wrote: “DOGE closed the month below the 20-month SMA, with a bearish engulfing candle! I would care if the volume wasn’t so pathetic…” That assertion acknowledged structural weak spot but dismissed it on the idea of low participation, hinting that sellers lacked conviction.
The identical day, the trader disclosed renewed entries into DOGE and Avalanche, stating, “I don’t know if I’m doing it right, but I bought AVAX and DOGE again this morning.”
Broader Context
DOGE’s memetic standing makes it significantly inclined to sentiment shifts, and it stays uncorrelated to fundamentals in the standard sense. Still, in the 2021 and 2024 bull markets, DOGE served as a proxy for retail risk urge for food, typically outperforming once consideration rotated from majors like Bitcoin and Ethereum.
The inexperienced cloud forecast and the rising trajectory into 2026 might mirror not just technical setups, but a broader cyclical expectation: that one other wave of liquidity, speculative mania, or cultural relevance may return DOGE to the highlight. For now, however, the price should maintain the cloud before the market can validate this roadmap.
At press time, DOGE traded at $0.1678.
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