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Dogecoin Flashed A Rare Bullish Signal — This Analyst Is Buying

SCRYPTO MAGAZINE by SCRYPTO MAGAZINE
July 31, 2025
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Dogecoin Must Hold This Support Or Risk Crashing To $0.015
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A carefully watched chartist on X, Cantonese Cat (@cantonmeow), says he added to his Dogecoin publicity after a key Ichimoku sign appeared on the weekly chart. Posting at 2:46 p.m. on July 30, 2025, he shared a TradingView snapshot and wrote: “DOGE weekly — Ichimoku cloud — Bullish Tenkan–Kijun cross — Discovering help on the Tenkan (blue line).” He adopted with an easy disclosure: “I purchased a little bit bit extra $DOGE right here.”

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This Dogecoin Ichimoku Sign Can’t Be Ignored

The chart he published was captured at 12:46 UTC on July 30 and confirmed Dogecoin (weekly timeframe) buying and selling close to $0.216 after a week-to-date decline of 10.23%. TradingView’s readout on the picture lists weekly O/H/L/C at 0.24076 / 0.24854 / 0.21440 / 0.21613, alongside Ichimoku values Tenkan-sen 0.21517, Kijun-sen 0.21142, Senkou Span A 0.21329, and Senkou Span B 0.28247.

Dogecoin price analysis
Dogecoin worth evaluation | Supply: X @cantonmeow

The thrust of the analyst’s name rests on basic Ichimoku mechanics. The Tenkan-sen (conversion line) has crossed above the Kijun-sen (final analysis) on the weekly chart—an occasion technicians describe as a bullish Tenkan–Kijun cross. Within the posted picture, spot worth sits marginally above the Tenkan and Kijun, constant together with his remark that worth is “discovering help on the Tenkan.”

Associated Studying

In Ichimoku methodology, the Tenkan typically acts as a fast-moving gauge of momentum and, when rising above the slower Kijun, can mark the beginning of a momentum-led pattern try. On larger timeframes such because the weekly, individuals usually deal with these inflections as extra consequential than on intraday charts.

That mentioned, the identical screenshot exhibits DOGE buying and selling beneath the weekly cloud (Kumo) projected forward, with Senkou Span B up close to the $0.28 space. In textbook phrases, alerts that happen under the cloud are typically categorized as weaker than alerts that happen above it, even when the Tenkan–Kijun cross is bullish. The picture additionally captures the context of the transfer: after a forceful inexperienced candle in mid-July, two pink weekly candles adopted, leaving worth clustered across the Tenkan/Kijun zone.

Associated Studying

Pressed for a standing test a day later, the analyst reiterated that the technical image had not damaged down: “DOGE holding weekly Ichimoku Tenkan and Kijun help up to now,” he wrote on July 31. That remark underscores how Ichimoku practitioners typically choose pattern well being by whether or not worth can shut above the Kijun on the chosen timeframe and proceed to respect the Tenkan on pullbacks.

For now, the story is an easy one: a bullish Tenkan–Kijun cross on the weekly chart, with worth trying to base at these strains whereas the cloud overhead nonetheless looms as longer-term resistance. As ever with Ichimoku evaluation, the approaching weekly shut relative to the Tenkan and Kijun would be the focal reference for merchants monitoring whether or not this early sign can mature right into a broader uptrend.

At press time, DOGE traded at $0.22.

Dogecoin price
DOGE holds above the 200-day EMA, 1-day chart | Supply: DOGEUSDT on TradingView.com

Featured picture created with DALL.E, chart from TradingView.com



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