Is The Dogecoin Bull Run Over? Analyst Sees Echoes | Crypto News
Cantonese Cat argues that Dogecoin stays structurally primed for a late-cycle surge that would monitor the sample of prior crypto bull markets, insisting that the coin’s decisive transfer has not yet arrived. In a 50-minute market analysis revealed on Oct. 19, the analyst ties Dogecoin’s setup to liquidity cycles and inter-market alerts, but emphasizes that the DOGE read is simple: the market hasn’t seen the attribute Dogecoin breakout that, in past cycles, has coincided with Bitcoin’s closing acceleration.
“Whenever you have Bitcoin going up, Dogecoin also is forming a pretty decent base,” he said, noting that DOGE has participated only marginally while Bitcoin has ground increased. The set off, in his view, is specific. “Once you have Doge breaking into all-time high… that can happen in a hurry… once you have Doge breaking [its] all-time high, generally that’s when the acceleration phase of Bitcoin begins.” He frames that relationship as a recurring function of cycle dynamics moderately than an exception, arguing that the absence of a Dogecoin all-time-high breakout is one of a number of causes he rejects the thesis that the broader crypto cycle has already ended.
Is The Dogecoin Bull Run Over?
Cantonese Cat hyperlinks that call to the broader backdrop of risk urge for food and liquidity, but he repeatedly narrows the lens to DOGE itself. He characterizes latest price motion as a wear-you-out part—punctuated by a sharp deleveraging “last week… with a big giant wick”—that has hardened bearish sentiment without invalidating the longer-term construction. “We haven’t had Doge breaking the all-time high yet… We have the deleveraging event, but we haven’t had [the] breakout into all-time high,” he said, including that the coin’s base-building is constant with how earlier cycles have unfolded before fast upside.
Part of his conviction stems from how he reads Bitcoin dominance and the timing of altcoin rotations. He argues that dominance has run for “2022, 2023, 2024, almost the bulk of 2025,” appears to be like “a little bit tired,” and has been transferring sideways for roughly a 12 months. In his framework, a flip decrease in dominance wouldn’t essentially imply Bitcoin weak point; moderately, it will suggest outperformance by altcoins.
“If we end the cycle right here… this will be the very first time ever that we haven’t had any rotations from Bitcoin to altcoins and we haven’t had that parabolic phase—and this time would be different.” He is specific that he doesn’t buy the “this time is different” narrative, stating, “I just don’t really think that the cycle is different from [the] previous [one]… because things are still playing out.”
The Dogecoin-specific takeaway is that the market’s latest stress doesn’t negate the historic sequencing he expects. He argues that the coin’s signature transfer sometimes arrives after extended compression, often in a condensed window.
“Last time [it] only happened within like a couple months and next thing you know it’s just like whoa what happened,” he recalled, cautioning that DOGE’s acceleration window can open rapidly once resistance offers manner. That sample recognition underpins his pushback against entrenched pessimism: “A lot of people are just extremely bitter about Doge because this cycle has been wearing everybody out,” he said, but he views that sentiment as typical of pre-breakout circumstances moderately than evidence of structural failure.
Cantonese Cat repeatedly stresses that he’s not giving financial advice and permits that his call may very well be improper. Still, he returns to the same fulcrum: Dogecoin hasn’t delivered the hallmark event of a accomplished cycle.
Until it does—or definitively fails—he treats the coin as coiled moderately than concluded. “The reality [is], I just don’t really think that the cycle is different… We haven’t had that [DOGE] breakout,” he said, summing up the risk-on bias that animates his view. In other phrases, for merchants positioning around late-cycle outcomes, his message is that the “Dogecoin moment” stays forward of the tape—and that the bears may very well be early.
DOGE Is Price Targets
Although the analyst doesn’t cite contemporary DOGE targets in the Oct. 19 video, he defers to ranges from his earlier work, where he laid out a number of price-target frameworks for Dogecoin. In those prior notes, he argued that DOGE may very well be coming into Wave 3 of an Elliott Wave construction after reclaiming the 0.618 Fibonacci retracement of the earlier impulse ($0.20088).
From that framework, he highlighted upside projections around $0.48 (1.0 extension), $0.89 (1.272), $1.23 (1.414), and $1.96 (1.618). In variant commentary, he has also floated outcomes $2.00+ if a breakout accelerates, and in a more speculative situation—possible from a separate video—he said, “I’m going to lay down the case as to why I think DOGE can hit $4 this cycle…”.
At press time, DOGE traded at $0.201.
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