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The soccer price for the Lion and Player is soft. I hate each of the arcu lorem, ultricy kids, or ullamcorper football.
This article is also available in Spanish.
Crypto Analyst Cuntonese Cat (@cantonmeow) describes the weekly Dogecoin/USD chart as technical beauty, as multiple metrics lined up at once. The latest chart shared by X stands out for several key features, including long-term diagonal trendlines, simple moving averages (SMA) convergence for 100 and 200 weeks, and a notable, rapid cloud setup. “I’ve never seen anything more beautiful in a while,” the analyst points out.
Why Dogecoin looks “beautiful” and powerful
The dominant downward diagonal trend line drawn from the peak of approximately $0.70 from the Dogecoin’s historic 2021 peak sets the tone of the chart’s structure. Since Dogecoin’s meteor rise and subsequent decline in 2021, weekly candles have consistently reacted to this diagonal, which served as a barrier to bullish progress and sometimes as a place for price consolidation.
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Last November, Doge surpassed the trend line. However, over the past four weeks, Dogecoin has once again drifted downwards, close to the line defining this trend. Dogecoin’s current revisit to the trendline represents a retest of a previous breakout. Successful defense at this level confirms retest, a scenario considered very bullish from a testing standpoint.
Another focus is the relationship between the 100-week simple moving average (SMA) and the 200-week SMA. The chart shared by Cantonese Cats shows 100-week SMAs in blue and 200-week SMAs in black. The 100-week SMA is currently hovering at $0.1456, while the 200-week SMA is $0.1412.
In particular, the recent crossing of 100-week SMAs on 200-week SMAs has formed a bullish “golden cross” that is generally interpreted as a strong positive signal of price momentum from a technical analysis perspective.
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The chart also incorporates a one-joint cloud, further enhancing convergence. A weekly one-sided setup (using parameters 9, 26, 52, 26) shows the weekly convergence with SMA at around $0.14. Now, Dogecoin’s prices are nearing its cloud cap and remained above its cloud limit.
If the price keeps close to above the cloud, it strengthens the case for bullish continuance. In particular, the future outlook for the cloud is also bullish. If the buyer maintains a conviction, a span (projection forward) of around $0.24 to $0.28 suggests around $0.24 to $0.28.
Cantonese cats call this fork “beautiful” because of the overlapping importance of these four indicators. If DogeCoin exceeds $0.145 above its key support level due to consecutive weekly closures, the chances of a sustained upward trend could rise considerably.
At the time of pressing, Doge traded for $0.17417.
Featured images created with dall.e, charts on tradingview.com
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