Is Dogecoin (DOGE) Bullish Wave Over? Find out!

Jakarta, Pintu News – Dogecoin (DOGE) has been known as a cryptocurrency full of surprises. Although the crypto market has experienced many ups and downs, Cantonese analyst Cat asserts that Dogecoin still has the potential to soar high. In his latest market analysis, he attributes Dogecoin’s movements to liquidity cycles and inter-market signals, suggesting that Dogecoin’s bull phase is yet to happen.

Dogecoin Recent Market Analysis

Cantonese Cat stated that Dogecoin (DOGE) is still in the phase of building a strong foundation even though Bitcoin (BTC) has shown an increase. The analyst emphasized that Dogecoin’s significant rise often goes hand in hand with the final acceleration of Bitcoin (BTC). Dogecoin’s yet to reach a new record high is considered an indication that the bullish cycle in the crypto market is not over yet.

Dogecoin (DOGE) is currently in a so-called deleveraging phase, where prices tend to stagnate and investors feel exhausted. However, the recent deleveraging event, characterized by a sharp price drop, does not erase the long-term structure that still shows upside potential. Analysts argue that this is part of a larger cycle that will continue.

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Dogecoin Price Projection

Although Cantonese Cat did not mention any new price targets in his latest analysis video, he did refer to his previous analysis which showed some price projections for Dogecoin (DOGE). Based on the Elliott Wave structure, Dogecoin is expected to enter Wave 3 after successfully reclaiming the 0.618 Fibonacci retracement of the previous push which was at $0.20088.

From the analysis, some of the expected price targets include $0.48 at the 1.0 extension, $0.89 at 1.272, $1.23 at 1.414, and $1.96 at 1.618. In a more speculative scenario, Cantonese Cat even mentions the possibility of Dogecoin reaching over $2.00 in the event of a rapid breakout.

Comparison of Previous Dogecoin Cycles

In previous cycles, Dogecoin (DOGE) has shown very significant gains, rallying up to 36,000%. The analyst revealed that although there are differences in the current cycle, the underlying structure and upside potential remain similar. This gives investors hope that Dogecoin could still repeat its past glory.

The main difference in these cycles lies in the constantly changing market dynamics and investor sentiment. However, by understanding the liquidity cycle and interactions between markets, investors can be better prepared for price fluctuations and capitalize on opportunities that arise.

Conclusion

Although Dogecoin (DOGE) has yet to reach a new peak, analysis from Cantonese Cat provides an optimistic outlook on potential future price increases. By understanding market cycles and dynamics, investors can position themselves to capitalize on bullish waves that may yet to fully materialize.

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. Is the Dogecoin Bull Run Echoes of 2021. Accessed on October 21, 2025