The six-month consolidation of Dogecoin is a coil, not a casket, according to the nicknamed technician of the canton cat, whose on June 19 video marshals many evidence on time to argue that the next direction break of the meme will go to all $ 4.13.

Breakout Dogecoin is just a matter of time

Analyst it starts turning to sentiment. He notes that the threads of comments in the retail trade have become corrosive, because Price fell from the color of last autumn, and then “did nothing for months.” However, such fatigue is exactly what they are aimed at producing: “Many people get really bitter in relation to Doge … This is how higher and higher situations should be.

At the highest level of Zoom, Dogecoin follows what he calls “still a mug and … still with a handle until he proves differently.” The first string of this handle stopped almost exactly when 0.786 Fibonacci in the field of Bear 2022–24 – “Very important FIB level here”. Because initial tests rarely pierce this resistance, he expected rejection. What counts is where the withdrawal found: “In the case of Dogecoin, it decided to go down to 0.382, which is not unusual … This is a really important zone of this nice double DNA DNA and Eve.” Therefore, the market is testing, not a huge neckline.

By enlarging the monthly chart, Dogecoin sits under what the analyst calls “a fairly thick ichimoku cloud”. Two breakthrough attempts failed, producing a few wicks that look ominous for ordinary chart observers. The Kantonian cat does not agree: “We had a bit of a false breakthrough here every month … I think that the third time will be a charm.” Under the cloud, six more monthly candles were completely nested in a high green bar printed in November last year. He interprets the formation – more in bars – as a building delayed for a violent movement: “You talk about consolidation with six internal candles that create a lot of energy here.”

This compression is reflected in the weekly frame: “If you look for a week here, you can also see that you also have six internal candles here … It tells me that there is not much bear energy anymore. I think we are closer to the bottom than the upper part.”

Key structural support is provided by a growing 20-month straight movable average, currently 0.1737 USD. The price is currently a ticking below, but the slope is still positive. Historically, such combinations solve the tendency to this trend: “If you have a 20-month-old movable average, which is up, it will most likely be just a wick.” He cites an earlier cycle when Dogecoin Wicked under the same record, then issued a dramatic reversal.

He claims that the price action is irrelevant without context. “If I look at the dog here at Coinbase and I pull up a volume here, you can also see that there is no sales volume at all.” Binance, the deepest Dogecoin market in the world, shows the same inertia. “The sales volume is essentially non -existent,” he says, stating that onhang supply has evaporated and only demand for reversal is required. Twice to earlier, in July 2023 and February 2024-Iceptive volume drought preceded V-shaped rallies: “Low sales volume here, reversal after the volume entry … Low sales volume here, reversal when the volume appears.”

The oscillators of the daily extension begin to confirm the structural reading. Dogecoin has just registered what the cantonian cats describes the “treasurer” – his date for the surrender, whose candle body is much smaller than the wick. A more formally index of relative strength showed a stubborn discrepancy: the price was carved by lower minima, while the RSI becomes higher. “The last time you have some stubborn samples, it was here … It was a local bottom,” he says, pointing to the reversal of October 2023. The pattern repeated in March 2024 and appears today again: “I think we can experience a change of trend here.”

Target targets for dogs

If the volume arrived and the price of Claw returned through the retracts of 0.5 and 0.618, Fibonacci Fibonacci canton ladders cub the next goals. From the Binance data set, “USD 1.60, USD 2.26 and USD 4.13, they are all possible for Dogecoin.” The complicated channel of many exchanges adapts numbers to $ 1.50, USD 2.27 and USD 3.94. What he does not anticipate is a repeat of the parabolic blow of 2021, when Dogecoin marked the extension of 2.272 and briefly suggested a trajectory compared to USD 23. “I think $ 23 is crazy … I don’t think the dog will end, you know how market capitalization $ 3 trillion.” Capitalization from a quarter to half trillion dollars-however, has no price zones from three to four dollars-“something to think about”, taking into account the current monetary expansion.

The Kantonian cat interprets the malaise of the community as an opponent: “Market creators give us more time to buy, while the sentiment is extremely poor.” The internal bar ranges serve as a plain trigger. Closing above six months of high range, in reading it, would unlock the next leg of the main trend up. And vice versa, closing below the 20-month average can be delayed-but not necessarily annul the tesa, provided that the average movable average persists.

In each lens-macro lens and handle, Adam-i-Eve neckline test, Ichimoku resistance, 20-month average support, volume exhaustion, daily discrepancy of the stubborn-stubborn-the weight of evidence coincides with a stubborn result. The time he admits is unknowable: “When will it be? I don’t know.” However, none of the data justifies surrender. He closes the maxim, which he repeats three times in the broadcast: “Your friend is the trend and the trend is up.” If this view persists, the dormant Dogecoin coil may ultimately relax towards the most ambitious extension of the analyst for USD 4.13 – an unthinkable level for today’s demoralized sellers, and because of this, he claims, he still claims.

During the press, the dog traded at USD 0.171.

A distinguished painting created from Dall.e, chart from tradingview.com