Dogecoin Could Surge 500% to $1 by 2026 Says Analyst

An independent crypto analyst, Cantonese Cat, has reignited the discussion around the $1 price target for Dogecoin. On July 3, the analyst shared a projection based on the Ichimoku Cloud, suggesting that Dogecoin could experience a significant price surge starting in late 2025, potentially reaching the $1 mark. This projection is based on Dogecoin's ability to maintain its current bullish structure above the Ichimoku cloud, with a brief retest expected later this year.

The analyst's chart, posted on X, uses 2-week candles to illustrate a parabolic price trajectory for DOGE. The projection indicates that Dogecoin's price could begin an explosive ascent in late 2025, eventually reaching the symbolic $1 mark. The chart shows that Dogecoin was trading at $0.172 at the time of the projection, up nearly 14% over the fortnight. The price action suggests a clean bounce off the top of the green Ichimoku cloud, indicating that DOGE is holding bullish structure on a high timeframe, a key technical criterion in Ichimoku trend-following theory.

The Ichimoku Cloud on the 2-week timeframe, calculated with the traditional 9/26/52/26 settings, shows the Leading Span A (Senkou A) currently above Leading Span B (Senkou B), forming a green cloud—indicative of a bullish trend outlook. DOGE’s price is above the cloud, which acts as dynamic support. This is critical: Ichimoku practitioners consider price above the cloud to be in a bullish regime, especially on higher timeframes.

The analyst’s hand-drawn black curve on the chart begins near $0.17 and initially curves downward, touching the upper boundary of the Kumo in the near future, likely near the $0.15–0.16 zone. This suggests an expected retest of the cloud support, a common setup in trend continuation trades. Rather than projecting a breakdown, the curve depicts this contact as a springboard for a rapid vertical rally. Once the price completes its cloud retest, the trajectory steepens dramatically, punching through overhead resistance near $0.29—the approximate flat Kijun-sen level—then continuing past prior 2024 highs. The final stretch of the curve accelerates toward the $1 level sometime in 2026, consistent with the behavior seen in prior memecoin mania phases.

Despite several bearish near-term signals, Cantonese Cat remains convinced about Dogecoin's potential. Just two days prior to publishing the chart, the analyst acknowledged structural weakness but dismissed it on the basis of low participation, hinting that sellers lacked conviction. The same day, the trader disclosed renewed entries into DOGE and Avalanche, stating, “I don’t know if I’m doing it right, but I bought AVAX and DOGE again this morning.”

DOGE’s memetic status makes it particularly susceptible to sentiment shifts, and it remains uncorrelated to fundamentals in the traditional sense. Still, in the 2021 and 2024 bull markets, DOGE served as a proxy for retail risk appetite, often outperforming once attention rotated from majors like Bitcoin and Ethereum. The green cloud forecast and the rising trajectory into 2026 may reflect not just technical setups, but a broader cyclical expectation: that another wave of liquidity, speculative mania, or cultural relevance could return DOGE to the spotlight. For now, however, the price must hold the cloud before the market can validate this roadmap.

At press time, DOGE traded at $0.1678.