DOGE ( price prediction: technical indicators across multiple time frames are bullish, the next cycle may challenge the $4 high.

Renowned cryptocurrency chart analyst Cantonese Cat (@cantonmeow) released a video analysis today (September 8), presenting a strong bullish argument for DOGE based on multi-timeframe technical indicators. He believes the asset is entering its third major cycle, and various technical indicators are preparing for an upward breakout, potentially reaching a target of several dollars, provided it can break through key resistance levels. He candidly stated, "I am extremely bullish on DOGE, no reservations whatsoever," and added that the current rise looks "much healthier than the previous cycle."

Bullish Argument: Multi-Timeframe Analysis

The analysis of Cantonese Cat starts with the monthly chart. He points out that the 20-month moving average has historically acted as resistance or support at major turning points. In his view, DOGE is currently "holding the 20-month moving average and slowly rising in a step-like manner, forming overall higher highs and higher lows."

He also noticed that DOGE is quietly re-entering the Ichimoku Cloud through sideways consolidation rather than explosive rise. He believes, "We are currently entering the Ichimoku Cloud very quietly in a sideways manner. In my view, this is an effective breakout of the cloud and is bullish."

(Source: TradingView)

Structurally, he describes the current cycle as a classic bottoming sequence. He stated that it resembles a "huge cup handle formation" and emphasized that the handle has retraced to a "reasonable" depth. Through Fibonacci overlay analysis, he observed that the price has retraced to the 0.382 retracement level—which aligns with a healthy, mid-cycle consolidation—before the price resumed its trend. From a broader perspective, he believes that DOGE has consistently followed Fibonacci key levels, forming a trend rhythm: "Basically, you take three steps forward and two steps back. Before it is proven to be a bear market, this is a very healthy bullish trend."

On the weekly chart, he pointed out the convergence point of the 20-week Simple Moving Average (SMA) and the 21-week Exponential Moving Average (EMA) — this is the support "band" that many Crypto Assets traders track — which has now shifted from resistance to support. He stated: "The price has also broken through the resistance at this support band and reversed it to support. This is by no means bearish." In his view, the baseline of the Ichimoku Kinko Hyo has been "well defended around $0.20 for a long time," and the 20-week moving average is also "curling up," further strengthening the view that momentum is tilting upward. He also marked a "double bottom" pattern and a successful retest of the breakout area, signs that make him look forward to an upward breakout: "I think as long as it is willing, the breakout could happen at any time."

Cantonese Cat emphasizes that consistency across multiple time frames is a key signal. According to his interpretation, the 20-period moving average has been reclaimed on the daily, bi-daily, tri-daily, weekly, and monthly charts. The main short-term warning is tactical: an "impulsive pump" pushed the price beyond the "12-hour bullish band," which he believes explains the current pause. He also acknowledges that a diagonal resistance line may be experiencing a backtest, but he does not believe this will break his bullish argument.

DOGE Price Targets and Key Obstacles

When asked by the audience about specific price targets, he distinguished between conditions and goals. He believes that the previous cycle's surge to the 2.272 logarithmic Fibonacci extension level is unlikely to repeat itself in the same way. This time, he considers the 1.272, 1.414, and 1.618 extension levels to be more realistic markers—he maps these levels to approximately "1.50 dollars, 2.27 dollars, and possibly close to 4 dollars."

But he emphasized that specific conditions must be met to achieve these goals: "Only when DOGE first breaks through the deep pullback zone of this cycle can these higher goals be satisfied." He added: "We need to break through the two levels of 0.786 and 0.86 in this cycle," and pointed out, "One level at a time, $0.41 and $0.54, we need to break through these levels before we can really consider these targets above $1."

Time Prediction and Investment Strategy

As for the timing, he made it clear that there is uncertainty, but he reiterated the direction. "What I can tell you is that DOGE may be ready for a big rise in the coming weeks. I don't know exactly when it will happen, but I am very bullish on DOGE," he said. He warned against forcing precise calendar predictions - "I never play short-term options... I don't like playing chess in three dimensions, nor do I like being constrained by time" - but instead described a systematic accumulation strategy of buying during consecutive higher lows: "The market seems to keep providing me with these higher lows to buy DOGE. I won't refuse such opportunities."

Conclusion

The core point of this analysis is that the rise in this cycle is more restrained than the last time, and its trend integrity—higher highs and higher lows, moving averages recovered over multiple time frames, and entering the cloud through horizontal consolidation rather than a spike—has laid a more solid foundation for sustained growth. In his view, whether this can ultimately extend to $1.50, $2.27, or even 'close to $4' will depend on whether DOGE can defeat the remaining retracement zones and turn them into support. Until then, he concluded, the burden of proof remains on the bears: 'This is definitely not a bear market trend.'