Cantonese Cat used his October 28 video to zero in on the Dogecoin market construction, arguing that the meme-coin is nearing the tip of a multi-year accumulation part—and that the latest washout was a function, not a bug, of that course of. Whereas he declined to publish numeric worth targets within the video, he made the case that DOGE’s setup is maturing in lockstep with broader “risk-on” alerts, with a well-known lag to Ethereum that traditionally precedes Dogecoin’s bigger strikes.
When Will Dogecoin Rally Once more?
On construction, he was express. “Simply Doge right here, you possibly can see how […] Doge has been forming a cup over right here for near 4 and a half, 5 years now […] it’s simply been constructing an enormous big base.” In his read, the rounded backside is the defining sample of this cycle for DOGE, and it stays intact regardless of latest volatility.
He framed the sharp drawdown two weeks in the past as vital positioning somewhat than a break in pattern: “You simply had a great deleveraging event […] I’m not going to have a look at a decrease low and assume the pattern is damaged […] These are very wholesome deleveraging earlier than the subsequent transfer up so far as I’m involved.” He highlighted “an enormous big wick” and “plenty of demand down beneath,” pointing to what he sees as resilient spot assist by means of the bottom.
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Timing, not targets, was the centerpiece. He reiterated that Dogecoin sometimes follows Ethereum with a delay as soon as ETH clears its personal main resistance bands. “Each time we get nearer to the tip of the rounded backside […] that’s when Ethereum breaks out above the resistance zone and goes up lots larger. Thus, Doge runs along with Ethereum,” he stated, including: “There’s a lag. I might say the lag might be perhaps a pair months between Ethereum breaking apart and Doge lastly breaking above this rounded backside right here and going up.”
He made an analogous remark utilizing threat proxies, noting that DOGE strikes have traditionally trailed small-cap-led threat cycles by a number of months, although he cautioned that the precise interval can range. By way of X, he added “DOGE lags behind IWM [iShares Russell 2000 ETF] all-time-high breakout by about 2 to 4 months earlier than it takes off.”
Cantonese Cat additionally pushed again on the view {that a} sequence of decrease lows robotically invalidates the DOGE setup, arguing that this occurred in prior cycles simply earlier than outsized rallies. “Lots of people have a look at this, ‘that’s a decrease low […] the cycle is over.’ Properly, it doesn’t work that approach. That’s a decrease low proper there. Subsequent factor you already know, it simply went lots larger,” he stated, tying the remark to the present “wholesome deleveraging” and the persistence of the rounded-bottom construction.
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If the video supplied the structural blueprint, his same-day put up on X clarified his stance on headline targets. “I notice that it’s silly to name for DOGE to $2 or $4 when worth is at 20 cents. If I used to be good like others, I ought to simply name for DOGE to $2 or $4 when it’s $2 or $4.” The remark is constant along with his prior price predictions.
Contained in the video replace, the analyst as a substitute emphasised the sequence he expects to matter—ETH power first, DOGE follow-through second, with the magnitude decided by how far the broader risk cycle runs as soon as momentum rotates.
At press time, DOGE traded at $0.20.
Featured picture created with DALL.E, chart from TradingView.com
