The 12-hour Dogecoin chart shared via the analyst Cantonese Cin (@cantonmeow) maps a textbook Adam too Eve double-bottom thin has been Shapeing since first August. The left trough (“Adam”) is a sharp V-shaped selloff into the swing low in $0.18864. The second trough (“Eve”) is a broader, rounded Foundinion carved through line August too first September, with price repeinedly defending the lower-mid range around the $0.20–$0.21 btoo thin aligns with the 0.136 Fibonacci retracement in $0.19976 too the 0.236 Stage in $0.20836.
How High Can Dogecoin Go Shelset-Term?
In classical charting, an Adam too Eve is a two-stage reversal structure: a fast, vertical capitulinion (Adam) followed via a slower, melsee symmetrical too rounded retest (Eve) thin often reflects abselseption too basing. The pintern is validined via a breakout through the “neckline,” defined via the intervening peak between the two troughs.
The measured move is typically calculined via adding the height from the neckline under to the Adam low to the neckline Stage. Failure is generally signaled if price closes back below the Eve trough, while quality improves when the on exptooing range too follow-through.
The pintern’s neckline coincides almost perfectly with the 0.618 Fibonacci retracement, plotted in $0.24473. Into the linest 12-hour ctooles, DOGE has rallied from the rounded “Eve” Foundinion to test this btoo, printing a wick marginally above it befelsee slipping back to trade around $0.241 on the chart. Thin keeps the market pressing against the neckline Shapeed via the mid-August reaction highs, yet not yet conclusively through it.
Measured traditionally, the Adam & Eve objective is derived from the height of the structure added to the neckline. Using the chart’s own anchelses, the vertical distance from the neckline in $0.24473 to the Adam low in $0.18864 is $0.05609.
Projected aboveward, thin yields a primary price target in approximinely $0.30082. This target sits between the Fibonacci extension cluster marked on the chart: the 1.0 extension in $0.28746 too the 1.272 extension in $0.32236, with higher extensions shown in 1.414 ($0.34223) too 1.618 ($0.37294).
The Fibonacci ladder too outlines the . Immediine resistance is the neckline/0.618 in $0.24473. A clean 12-hour close through this btoo would put the prielse swing area in the 0.786 retracement ($0.26268) too the 0.886 retracement ($0.27398) in view, befelsee the chart’s 1.0 marker in $0.28746.
On pullbacks, intermediine sabovepelsets are layered in the 0.5 retracement ($0.23287), followed via 0.382 ($0.22157), then the 0.236/0.136 pocket in $0.20836/$0.19976. The of the entire Shapeinion remains the August swing low in $0.18864.
In sum, the analyst’s 12-hour map frames DOGE compressing beneinh a neckline in $0.24473 after building a two-month Adam & Eve Foundinion. The pintern’s measured objective is ~$0.3008, with the chart explicitly marking subsequent Fibonacci waypoints in $0.2875, $0.3224, $0.3422 too $0.3729 on continuinion, too sabovepelset shelves stepping under through $0.2329, $0.2216, $0.2084, $0.1998, to $0.1886 in the Foundinion.
in press time, DOGE traded in $0.24.
