Dogecoin’s story might not be finished yet. Popular analyst Cantonese Cat believes that Dogecoin is still building strength for a late-cycle surge similar to what happened in past bull runs. In his 50-minute analysis on Oct. 19, he explained that the market hasn’t seen the explosive Dogecoin breakout that usually appears when Bitcoin enters its final leg up.


He put it simply: whenever Bitcoin rises, Dogecoin forms a base. But the real action starts only when DOGE breaks its all-time high. According to him, that breakout often sparks Bitcoin’s final acceleration. Since we haven’t seen that yet, he doesn’t believe the bull cycle is done.


The “Wear-You-Out” Phase


Cantonese Cat describes the current period as a “wear-you-out” stage where prices move slowly, traders lose patience, and weak hands exit. He said the big liquidation last week shook out leverage but didn’t destroy the larger setup. The market may look quiet, but the structure still points toward an eventual move upward.


Watching Bitcoin Dominance


He also noted that Bitcoin’s dominance has been strong since 2022 but now looks tired. If dominance starts to fall, it could mean altcoins like Dogecoin will begin to outperform. Ending the cycle now, he said, would be strange because every past cycle included a major rotation from Bitcoin to altcoins.


“I don’t think this time is different,” he said. “We just haven’t had the Dogecoin breakout yet.”


Why He Still Believes


Dogecoin’s big moves usually come fast, often within a few months. Once resistance breaks, the price can skyrocket. Many traders are frustrated and bearish right now, but he sees that as a sign the market is close to turning.


He admitted that his view could be wrong and reminded viewers it’s not financial advice. Still, he keeps returning to one key idea: the cycle isn’t complete until Dogecoin has its explosive breakout.


DOGE Price Targets


While he didn’t share new numbers in his latest video, his earlier analysis showed potential targets based on Fibonacci levels:



  • $0.48 (1.0 extension)


  • $0.89 (1.272)


  • $1.23 (1.414)


  • $1.96 (1.618)


In a strong breakout, he even mentioned $2 or more, and in a very bullish case, up to $4.


At the moment, Dogecoin trades around $0.20, forming a base. If history repeats, this quiet phase might be the calm before another sharp move higher.


Bottom line: According to Cantonese Cat, Dogecoin’s bull run isn’t over it’s just resting before its next big leap.