<ul data-eligibleForWebStory="true"><li>Cantonese Cat, an analyst, predicts Dogecoin could reach $5 to $8 based on a cup and handle formation and technical indicators.</li><li>He emphasizes the significance of the 20-month simple moving average as a key support level for Dogecoin's bull cycles.</li><li>Dogecoin is currently trading just below the Ichimoku cloud, with the analyst suggesting a potential breakout in the near future.</li><li>The analyst recommends adding to positions near the 20-month moving average and advises against chasing sudden price spikes.</li><li>He sees the current consolidation as a positive sign, indicating the coin is building up energy for a potential significant move.</li><li>The analyst did not provide a specific timeline for the potential breakout but mentioned it might coincide with a broader altcoin season.</li><li>The anticipated breakout is seen as a green light for acceleration towards new all-time highs at $5 to $8, representing considerable returns.</li></ul>

$8 Dogecoin? Analyst Says You’ll Regret Sleeping On This Chart

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