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Crypto trader Josh Olszewicz is known through his handle @carpenoctom, who took the old stock motto “Sell in May and Go away” and gave the canine twist. On Monday, he released the one-day Ichimoku Doge/USD stamp, stamped on April 28, 2025, adding: “Doge in May and walk away?” Behind the word play is a price chart that highlights the manufacturing area of the market as meme coins drift towards the seasonal thorny month of May.
Dogecoin for sale in May?
Olszewicz annotated the basic action from February to April and marks potential reverse head and shoulders. The left shoulder formed $0.14 in mid-March; on April 7, the head soared to about $0.13; now, the market is detecting the right shoulder low point is close to $0.17-0.18.
A set of dotted trend lines define a descending neckline that currently intersects the price axis with an area of 0.185–0.195 $0.195. The daily shutdown above the band will verify the reversal pattern; the measured moving target shot conservatively from the head ($0.14) to the neckline ($0.185) means a rise to $0.23. The white reference line of $0.28181 marks the previous horizontal supply rack, and not coincidentally, if the pattern plays intact, a mid-term projection of senkou-span resistance can be provided – providing secondary targets.
Related Readings
The chart also uses a modified Ichimoku setting (20, 60, 120, 30), expanding the lens to suit cryptocurrency fluctuations. On Monday’s Close Dogecoin, the price was $0.17533, between the Tenkan-Sen’s rise to $0.16471 and Flat Kijun-Sen, the delineated Kijun-Sen is $0.18593. Prices below baseline maintain a long-term bearish signal, but Tenkan’s price tip below the price is prompted with recent momentum.
During the thirty periods of forward projection, the cloud itself is subred, with its lower boundary (senkou span a) starting at $0.20825 and its upper boundary (senkou span b) flattening at $0.31392.
In other words, even the rest time of the neckline will directly bring Dogecoin directly into a $0.21-0.31 supply area that has been blocked at every rally since the cascading in early January. So the Bulls faced a two-step job: first retract the neckline and kijun, and then chew the supply inside Cuomo for a month-deep.
Related Readings
Maxim Olszewicz improvisation – “Sold and Disappeared in May” – stems from the stock’s hundreds of years of seasonality, warning of weak summer performance. By replacing Doge with Sell, he floated the counter-trend idea that the Dog Coin itself might be the direction of asset investors during traditionally drowsy periods, rather than being away from it. Technically, the paper depends on the Bulls’ opening week in May, before the neckline drops further and the clouds thicken.
If you don’t do this, this pattern will not be confirmed, leaving the price below Kijun and keeping the trend above the January touting range of $0.48. Then, support is placed first on Tenkan ($0.165), while the March Surrender Light is close to $0.14 as the last row of sand.
At press time, Doge traded at $0.178.
Featured Images created with dall.e, Charts for TradingView.com
