“`html
Cantonese Cat utilized his October 28 video to focus on the Dogecoin market framework, contending that the meme-coin is approaching the conclusion of a prolonged accumulation phase—and that the recent decline was an integral aspect, not a flaw, of that process. Although he chose not to disclose specific price targets in the video, he presented the argument that DOGE’s arrangement is evolving in harmony with wider “risk-on” indicators, displaying a familiar delay to Ethereum that has historically anticipated Dogecoin’s significant movements.
When Will Dogecoin Surge Again?
On the framework, he was clear. “Just examining Doge here, you can observe how […] Doge has been crafting a cup for approximately four and a half to five years now […] it’s just been forming a substantial base.” In his analysis, the rounded base is the defining characteristic of this cycle for DOGE, and it remains unbroken despite recent fluctuations.
He framed the steep drop two weeks ago as essential recalibration rather than a disruption in trend: “You just experienced a significant deleveraging event […] I’m not going to perceive a lower low and conclude that the trend is disrupted […] These are very beneficial deleveragings before the upcoming upward movement as far as I’m concerned.” He pointed out “a massive wick” and “a considerable amount of demand below,” indicating what he perceives as robust spot support throughout the base.
Related Reading
Timing, rather than targets, was the focus. He reiterated that Dogecoin generally trails Ethereum with a delay once ETH surpasses its own significant resistance levels. “Whenever we approach the end of the rounded base […] that’s when Ethereum breaks out above the resistance band and ascends significantly. Therefore, Doge travels alongside Ethereum,” he remarked, adding: “There is a delay. I would estimate that the delay is probably a couple of months between Ethereum’s breakout and Doge finally breaking above this rounded base and ascending.”
He made a comparable observation using risk indicators, noting that DOGE movements have historically lagged behind small-cap-driven risk cycles by several months, though he cautioned that the specific duration can fluctuate. Via X, he mentioned “DOGE trails behind IWM [iShares Russell 2000 ETF] all-time-high breakout by approximately 2 to 4 months before it lifts off.”
Cantonese Cat also challenged the perspective that a series of lower lows inherently invalidates the DOGE arrangement, asserting that this happened in earlier cycles just before substantial rallies. “Many people observe this as ‘that’s a lower low […] the cycle is finished.’ Well, it doesn’t function that way. That right there is a lower low. Next thing you know, it just surged significantly,” he stated, connecting the observation to the current “healthy deleveraging” and the persistence of the rounded-bottom formation.
Related Reading
If the video provided the structural framework, his same-day post on X clarified his position on specific targets. “I understand that it’s irrational to predict DOGE at $2 or $4 when the price is at 20 cents. If I were clever like others, I would simply predict DOGE at $2 or $4 when it’s actually $2 or $4.” The remark aligns with his previous price forecasts.
Within the video update, the analyst instead highlighted the sequence he anticipates to be crucial—ETH strength first, DOGE follow-through second, with the magnitude dictated by how far the wider risk cycle progresses once momentum shifts.
At the time of reporting, DOGE traded at $0.20.
Featured image generated with DALL.E, chart from TradingView.com
Source link
“`
