Is The Dogecoin Bull Run Over? Analyst Predicts | Crypto News
Cantonese Cat used his October 28 video to zero in on the Dogecoin market construction, arguing that the meme-coin is nearing the end of a multi-year accumulation part—and that the current washout was a characteristic, not a bug, of that course of. While he declined to publish numeric price targets in the video, he made the case that DOGE’s setup is maturing in lockstep with broader “risk-on” alerts, with a acquainted lag to Ethereum that traditionally precedes Dogecoin’s bigger strikes.
When Will Dogecoin Rally Again?
On construction, he was express. “Just looking at Doge here, you can see how […] Doge has been forming a cup over here for close to four and a half, five years now […] it’s just been building a big giant base.” In his read, the rounded backside is the defining sample of this cycle for DOGE, and it stays intact despite current volatility.
He framed the sharp drawdown two weeks in the past as crucial positioning relatively than a break in pattern: “You just had a great deleveraging event […] I’m not going to look at a lower low and think the trend is broken […] These are very healthy deleveraging before the next move up as far as I’m concerned.” He highlighted “a big giant wick” and “a lot of demand down below,” pointing to what he sees as resilient spot help through the bottom.
Timing, not targets, was the centerpiece. He reiterated that Dogecoin usually follows Ethereum with a delay once ETH clears its own major resistance bands. “Whenever we get closer to the end of the rounded bottom […] that’s when Ethereum breaks out above the resistance zone and goes up a lot higher. Thus, Doge runs together with Ethereum,” he said, including: “There is a lag. I would say the lag is probably maybe a couple months between Ethereum breaking up and Doge finally breaking above this rounded bottom here and going up.”
He made a comparable statement utilizing risk proxies, noting that DOGE strikes have traditionally trailed small-cap-led risk cycles by a number of months, though he cautioned that the precise interval can differ. Via X, he added “DOGE lags behind IWM [iShares Russell 2000 ETF] all-time-high breakout by about 2 to 4 months before it takes off.”
Cantonese Cat also pushed back on the view that a sequence of decrease lows robotically invalidates the DOGE setup, arguing that this occurred in prior cycles just before outsized rallies. “A lot of people look at this, ‘that’s a lower low […] the cycle is over.’ Well, it doesn’t work that way. That’s a lower low right there. Next thing you know, it just went a lot higher,” he said, tying the statement to the current “healthy deleveraging” and the persistence of the rounded-bottom construction.
If the video supplied the structural blueprint, his same-day post on X clarified his stance on headline targets. “I realize that it’s stupid to call for DOGE to $2 or $4 when price is at 20 cents. If I was smart like others, I should just call for DOGE to $2 or $4 when it’s $2 or $4.” The remark is constant with his prior price predictions.
Inside the video update, the analyst instead emphasised the sequence he expects to matter—ETH strength first, DOGE follow-through second, with the magnitude decided by how far the broader risk cycle runs once momentum rotates.
At press time, DOGE traded at $0.20.
Stay up to date with the latest trending crypto news! Visit our web site daily for the freshest Crypto news and content, rigorously curated to keep you informed.