Dogecoin Faces Two-Month Deadline Before $2 Explosion, Says Analyst

Dogecoin (DOGE) is pressing into a technical inflection that, according to independent chartist Cantonese Cat (@cantonmeow), will either conclude the current upswing “in 2 months” or extend into a third-wave advance toward roughly $2. “Either the cycle’s over in 2 months, or it’s going to what I think is the next likely wave 3 target at $2 (1.618 of wave 1), give or take,” the analyst wrote on X, sharing a three-chart package that centers on the weekly Ichimoku profile, a daily trendline break, and multi-year Fibonacci ￰0￱ Cycle Collapse Or Wave 3 To $2 On the weekly timeframe, DOGE is trading around $0.27 and attempting to re-enter the Ichimoku cloud from ￰1￱ posted Ichimoku readout shows key levels clustered just above spot: the Tenkan/Kijun pair sits in the mid-$0.22 to mid-$0.25 area, while the forward spans bracket the cloud with an upper boundary near $0.2969.

Related Reading: Dogecoin Coiling For Monster Move Once This Price Barrier Falls: Analyst The chart annotation—“DOGE says it’s raining outside and it wants to get back inside the weekly Ichimoku cloud”—underscores that bulls first need a decisive close back inside the cloud body and then through its top, with the ~$0.30 zone acting as the immediate weekly resistance. A weekly acceptance above the cloud top would mark a regime shift from neutral/resistance to supportive conditions on Ichimoku terms; failure would keep price pinned beneath a heavy ￰2￱ companion daily chart isolates structure within that broader setup. A long descending trendline drawn from the late-2024 highs is shown breaking to the upside in late Q2, with subsequent price action pulling back to retest the broken line in the mid-$0.24–$0.25 region and bouncing back toward $0.27.

That sequence—breakout, retest, hold—keeps the short-term bias constructive so long as price remains above the reclaimed trendline and the late-September swing-low zone around $0.24. The analyst appended “DOGE daily—No update,” implying the daily structure remains intact and unchanged since the breakout and ￰3￱ third chart frames the larger roadmap via Fibonacci measures taken from the multi-year ￰4￱ retracement lines place 0.236 at $0.0843, 0.382 at $0.1177, 0.500 at $0.1542, 0.618 at $0.2021 and 0.786 at $0.2968, with the “1.0” marker at $0.4844. Related Reading: Dogecoin’s Big Breakout Incoming? Analyst Calls To “Stay Alert” Above that, extension objectives plot at 1.272 ($0.9029), 1.414 ($1.2497) and 1.618 ($1.9934).

These levels align with the analyst’s stated “wave 3” target near $2, while simultaneously highlighting the significance of the ~$0.30 band: it coincides with the weekly cloud top and the 0.786 retracement. A clean move through $0.2968–$0.30 would therefore open the path toward the 1.0 pivot at ~$0.4844. Conversely, rejection beneath $0.30 keeps DOGE trapped between the cloud underside and daily support, with $0.2021 (0.618) the next major Fibonacci support should the $0.24–$0.25 shelf give ￰5￱ short, the analyst’s two-way framing is anchored in clearly defined technical ￰6￱ upside case requires weekly acceptance back into—and then out of—the Ichimoku cloud, led by a break of ~$0.30 and progression toward the $0.48 “1.0” marker and the $0.90–$1.25 extension band ahead of the 1.618 projection at ~$1.99.

The downside or “cycle done” interpretation would be signaled by failure to hold the daily trendline retest and a slide back through $0.24 toward the $0.20–$0.21 confluence around the 0.618 ￰7￱ now, DOGE sits mid-range at roughly $0.27, with the cloud top at $0.2968–$0.30 acting as the next decisive ￰8￱ press time, DOGE traded at $0.26. Featured image created with DALL. E, chart from ￰9￱