Cantonese Cat used his October 28 video to zero in on the Dogecoin market structure, arguing that the meme-coin is nearing the end of a multi-year accumulation phase\u2014and that the recent washout was a feature, not a bug, of that process. While he declined to publish numeric price targets in the video, he made the case that DOGE\u2019s setup is maturing in lockstep with broader \u201crisk-on\u201d signals, with a familiar lag to Ethereum that historically precedes Dogecoin\u2019s larger moves.<\/p>\n
When Will Dogecoin Rally Again?<\/h2>\n
On structure, he was explicit. \u201cJust looking at Doge here, you can see how [\u2026] Doge has been forming a cup over here for close to four and a half, five years now [\u2026] it\u2019s just been building a big giant base.\u201d In his read<\/a>, the rounded bottom is the defining pattern of this cycle for DOGE, and it remains intact despite recent volatility.<\/p>\n He framed the sharp drawdown two weeks ago as necessary positioning rather than a break in trend: \u201cYou just had a great deleveraging event<\/a> [\u2026] I\u2019m not going to look at a lower low and think the trend is broken [\u2026] These are very healthy deleveraging before the next move up as far as I\u2019m concerned.\u201d He highlighted \u201ca big giant wick\u201d and \u201ca lot of demand down below,\u201d pointing to what he sees as resilient spot support through the base.<\/p>\n Timing, not targets, was the centerpiece. He reiterated that Dogecoin typically follows Ethereum with a delay once ETH clears its own major resistance bands. \u201cWhenever we get closer to the end of the rounded bottom [\u2026] that\u2019s when Ethereum breaks out above the resistance zone and goes up a lot higher. Thus, Doge runs together with Ethereum,\u201d he said, adding: \u201cThere 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.\u201d<\/p>\n He made a similar observation using risk proxies, noting that DOGE moves have historically trailed small-cap-led risk cycles by several months, though he cautioned that the exact interval can vary. Via X, he added \u201cDOGE lags behind IWM [iShares Russell 2000 ETF] all-time-high breakout by about 2 to 4 months before it takes off.\u201d<\/p>\n Cantonese Cat also pushed back on the view that a sequence of lower lows automatically invalidates the DOGE setup, arguing that this occurred in prior cycles just before outsized rallies. \u201cA lot of people look at this, \u2018that\u2019s a lower low [\u2026] the cycle is over.\u2019 Well, it doesn\u2019t work that way. That\u2019s a lower low right there. Next thing you know, it just went a lot higher,\u201d he said, tying the observation to the current \u201chealthy deleveraging\u201d and the persistence of the rounded-bottom structure.<\/p>\n If the video offered the structural blueprint, his same-day post on X clarified his stance on headline targets. \u201cI realize that it\u2019s 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\u2019s $2 or $4.\u201d The comment is consistent with his prior price predictions<\/a>.<\/p>\n Inside the video update, the analyst instead emphasized the sequence he expects to matter\u2014ETH strength first, DOGE follow-through second, with the magnitude determined by how far the broader risk cycle<\/a> runs once momentum rotates.<\/p>\nRelated Reading<\/span><\/h2>\n<\/p>\n
![\"Dogecoin](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/10\/G4TBWnIWIAAPDVs.jpg?resize=1024%2C556\")
Related Reading<\/span><\/h2>\n<\/p>\n
![\"Dogecoin](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/10\/DOGEUSDT_2025-10-28_08-39-47.png?resize=1024%2C473\")