Followin WeChat official account: Lazy King Squirrel
Add V: jmay1160 Add QQ:3788353562
Doge is exploring the most controversial price range in 2025, and two respected technical experts - Cantonese Cat (@cantonmeow) and ANBESSA (@Anbessa100) - have reached a rare point where their short-term and high timeframe roadmaps almost completely overlap.
Doge has just entered a critical stage
The Cantonese Cat's daily chart released on the evening of June 2 highlighted a turquoise demand band from $0.1850 to $0.1950. Since February, this band area has repeatedly changed roles: first buffering the price trend at the end of February, then limiting the rebound in March and April.
After four consecutive days of decline last week, three consecutive entities closed within the rectangle, while the intraday wicks pierced the bottom of the rectangle - forming what analysts call a "trident bottom".
As Cantonese Cat said: "This is not a tweezer bottom, but a trident bottom, used to test demand. Now let's see if $DOGE will start to fork from here." If the daily closing price is above the upper band, it will re-expose the breakout gap from early May at $0.1950-0.2150; if it decisively breaks below $0.1850, it will bring the April low near $0.13 back into contention.
Parabolic continues to predict all-time high
ANBESSA's daily chart (also dated June 2) places the same price movement in a 15-month context. The chart begins with a spot price of around $0.09 in September 2024, followed by an explosive rise, with Doge rising 413%, marked as $0.3892 on the chart.
This was followed by three waves of pullback, giving back 73% of the gains, then a countertrend rise of 70.22% to $0.2597. From ANBESSA's perspective, the current selling is a typical correction to the 0.382 Fibonacci retracement level (at $0.1412) of the entire trend, which intersects with the rising parabolic guide line and the 99-day moving average (red).
"Still completely consistent with my prediction... clearly rebounding 80%, then falling back to the 0.5 Fibonacci retracement level and 99-day moving average (parabolic retest) like a textbook, perfectly in line with my prediction. In a bull market, buying the dip is a matter of course," the analyst wrote, reminding investors to "keep HTF risk management below POC".
The volume distribution chart on the right side of ANBESSA's chart emphasizes why both traders are so concerned about the area near 20 cents: the Point of Control (POC) is just above $0.20, constituting the single area of deepest historical trading interest since 2024.
Above this pivot, the next Fibonacci pole is at the 0.618 level, which is $0.2686, followed by the ascending trendline near $0.28. Notably, this area has dense resistance, as another descending trendline drawn from the December to January highs is located around $0.29-0.30.
Successfully breaking through this area would point to the large volume platform at $0.3498 and further to the 0.786 retracement level at $0.4245. Conversely, if unable to break through the current confluence point, it would point to the 0.382 retracement level at $0.1412 and mark the intermediate control zone at $0.1625 on ANBESSA's chart.
Currently, momentum is neutral: the triple moving average (7-day, 21-day, 99-day) on ANBESSA's chart has narrowed, and the daily RSI (not shown) hovers around 40 points. In other words, the price itself will determine the outcome.
The Cantonese Cat's micro-structure "trident" and ANBESSA's macro-structure "retracement" both place the battlefield in the same cent range. Whether Doge has truly touched the bottom of the pullback will depend on traders' actions - and equally critically, the next daily chart closing price - in the range of $0.1850 to $0.1950.
At the time of writing, DOGE was trading at $0.196.
