You have not selected any currencies to display
HomeBitcoinDogecoin Flashed A Rare Bullish Signal — This Analyst Is Buying

Dogecoin Flashed A Rare Bullish Signal — This Analyst Is Buying

-


Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Created by industry experts and meticulously reviewed

The highest standards in reporting and publishing

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

A closely watched chartist on X, Cantonese Cat (@cantonmeow), says he added to his Dogecoin exposure after a key Ichimoku signal 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 — Finding support at the Tenkan (blue line).” He followed with a straightforward disclosure: “I bought a little bit more $DOGE here.”

This Dogecoin Ichimoku Signal Can’t Be Ignored

The chart he published was captured at 12:46 UTC on July 30 and showed Dogecoin (weekly timeframe) trading near $0.216 after a week-to-date decline of 10.23%. TradingView’s readout on the image 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 price analysis | Source: X @cantonmeow

The thrust of the analyst’s call rests on classic Ichimoku mechanics. The Tenkan-sen (conversion line) has crossed above the Kijun-sen (base line) on the weekly chart—an event technicians describe as a bullish Tenkan–Kijun cross. In the posted image, spot price sits marginally above the Tenkan and Kijun, consistent with his comment that price is “finding support at the Tenkan.”

Related Reading

In Ichimoku methodology, the Tenkan often acts as a fast-moving gauge of momentum and, when rising above the slower Kijun, can mark the start of a momentum-led trend attempt. On higher timeframes such as the weekly, participants typically treat those inflections as more consequential than on intraday charts.

That said, the same screenshot shows DOGE trading beneath the weekly cloud (Kumo) projected ahead, with Senkou Span B up near the $0.28 area. In textbook terms, signals that occur below the cloud are generally categorized as weaker than signals that occur above it, even when the Tenkan–Kijun cross is bullish. The image also captures the context of the move: after a forceful green candle in mid-July, two red weekly candles followed, leaving price clustered around the Tenkan/Kijun zone.

Related Reading

Pressed for a status check a day later, the analyst reiterated that the technical picture had not broken down: “DOGE holding weekly Ichimoku Tenkan and Kijun support so far,” he wrote on July 31. That comment underscores how Ichimoku practitioners often judge trend health by whether price can close above the Kijun on the chosen timeframe and continue to respect the Tenkan on pullbacks.

For now, the story is a straightforward one: a bullish Tenkan–Kijun cross on the weekly chart, with price attempting to base at those lines while the cloud overhead still looms as longer-term resistance. As ever with Ichimoku analysis, the coming weekly close relative to the Tenkan and Kijun will be the focal reference for traders tracking whether this early signal can mature into a broader uptrend.

At press time, DOGE traded at $0.22.

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

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



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

LATEST POSTS

Decentralized Money Didn’t Come From Nowhere

Bitcoin is a financial tool born of code and cryptography. But seen in a wider frame, it belongs to a cultural...

The Bitcoin Business Accelerator: How To Start & Grow A Bitcoin Consulting Business In 30 Days Or Less Even If You’ve Never Bought Bitcoin...

Price: (as of - Details) The financial world is in chaos and many are scrambling to protect their wealth from the impending...

Kasino ilman lisenssiä Turvallinen ja Kummallinen Valinta

Kasino ilman lisenssiä on termi, joka viittaa nettikasinoihin, jotka toimivat ilman virallista pelilisenssiä. Tämä voi herättää...

XRP Price Prediction in 2025, 2026 – 2030 and Beyond

The XRP price is moving sideways between 1.9022 and 3.5887. Based on forecasts, XRP could reach around $3 in 2025 and trade between $5...

Follow us

0FansLike
0FollowersFollow
0SubscribersSubscribe

Most Popular