Don’t Be Surprised If Dogecoin Hits $1 Or $2 ‘In A Hurry’, Says Crypto Analyst 🚀

Crypto analyst Cantonese Cat envisions Dogecoin rapidly reaching $1 or even $2, driven by impressive technical analysis. Posting on X, the analyst noted sustained price action above the critical 0.786 Fibonacci level, which suggests potential for higher prices without a deeper correction.

In his YouTube analysis, Cantonese Cat compared the current Dogecoin cycle to previous ones and reported that Dogecoin is forming a strong bullish pattern, a "bull flag." This cycle is more bullish than the last, with Dogecoin comfortably maintaining price action above critical levels.

The analyst pointed out various indicators—including the Ichimoku Cloud and Fibonacci extensions—that align for continued bullish momentum. These technical factors suggest that Dogecoin's chart structure is more promising than previous cycles.

Despite high market cap, future Fibonacci extension targets of $2.3 or even $4 are considered theoretically possible. At press time, Dogecoin traded at around $0.44, demonstrating strong market conditions that may challenge its all-time highs sooner than expected.