Dogecoin Bull Run Over? Don’t Bet Against This Chart, Says Analyst

Dogecoin's momentum isn't fading—it's reloading. One chart suggests this meme coin still has rockets left to fire.

The Technical Setup

Analysts point to key support levels holding strong while volume patterns signal accumulation. Whale activity's picking up behind the scenes, with large transfers hitting exchanges at a pace not seen since the last breakout.

Market Psychology

Retail FOMO hasn't peaked yet—social volume metrics remain elevated but not exhausted. That classic crypto cycle where everyone thinks it's over right before the next leg up? We might be there.

The Cynical Take

Because nothing says 'sound investment' like a Shiba Inu-themed coin that originally started as a joke outperforming most traditional finance portfolios. Wall Street's still trying to figure out how to short the meme economy.

Bottom Line: Betting against Doge here might mean betting against the charts themselves. Sometimes the dumb money turns out to be pretty smart.

Dogecoin Defies The Bears

Cantonese Cat anchored his call in multi-timeframe signals rather than short-term oscillations. On the weekly and monthly charts, he said Dogecoin has been holding the 20-week and 20-month moving averages, a combination he characterizes as consistent with an intact primary uptrend. “I don’t operate on the daily basis… I operate on a much higher time frame,” he explained, stressing that the broader structure outweighs near-term volatility.

On the daily chart, he acknowledged weakness relative to shorter moving averages and cloud resistance, noting that Doge is “consol[i]dating sideways” and has “broken down underneath the 20-day.” He framed that as a routine reset within trend rather than a breakdown, pointing to Ichimoku dynamics: after being “rejected up here by the Ichimoku cloud a few weeks ago,” price is “trying to hold the tenkan/kijun back-testing area [to] find some energy here to break back above.”

As part of that attempt to rebuild momentum, he said, dogecoin “just had a double bottom over here,” a pattern he reads as evidence of demand at support. Via X, he added: “DOGE weekly: Endless back-test of the Ichimoku Tenkan, but forming higher low here after its recent double bottom formation.”

Responding to concerns that rangebound price action implies exhaustion, he emphasized “timeframe bias”—that traders overweight recent chop and underweight the series of higher lows that has defined DOGE’s structure since its cycle base. While he conceded that “it’s always possible” for supports to fail, he found no decisive evidence on higher timeframes that Dogecoin’s bull phase has ended. Instead, he cast the current tape as a pause beneath overhead resistance, with the cloud, the 20-day average, and prior rejection zones acting as the near-term hurdles to clear for continuation.

Crucially, he situated his DOGE view within broader market-cap structures—what many traders track as TOTAL and its variants. On OTHERS (crypto market cap excluding Top 10), he observed that the composite “just broke about the 0.5 here and… couldn’t break through 0.618,” describing a market that is still consolidating within a Fibonacci-defined range.

More pointedly, he highlighted TOTAL3—the total crypto market cap excluding Bitcoin and Ethereum—as a constructive backdrop for altcoins: “Total three actually looks pretty decent here. If you look at the… chart, like this looks like a beautiful cup and handle… [it has] broken about the 0.86 [and is] getting ready for some all-time high stuff here.” On that basis, he rejected the idea that a cyclical top is already in for altcoins: “I cannot be bearish on the entire cryptocurrency market… I just cannot when Ethereum just had [its] breakout above the 0.86.”

That macro-alt setup, he argued, helps explain why DOGE’s higher-timeframe supports continue to attract buyers even as intraday moves turn noisy. The upshot is a patience-trade: DOGE’s 20-week and 20-month moving averages remain his “primary line of defense” for the uptrend; the daily chart remains the battleground where cloud resistance and tenkan/kijun retests will determine when momentum can re-assert itself. Until those higher-timeframe anchors give way, Cantonese Cat’s verdict on Dogecoin is unchanged: “It is still a bullish chart until proven otherwise.”

At press time, DOGE traded at $0.21466.