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Is the Dogecoin Bull Ending? Analysis sees 2021 echoes

The Cantonese Cat argues that Dogecoin remains supported by the formation of a cyle-cycle that will be able to track the pattern of crypto Bull markets, insisting that the fixed flow of the currency has not yet arrived. In the analysis of the market 50 minutes published on Oct. 19, Analyst Ties Dogecoin’s Setup to Liquidity Curyles and market signals in the markets, the market has never seen the easy acceleration of doutecoin, in previous cycles, has been accompanied by the last acceleration of Bitcoin.

“Whenever you have bitcoin going up, Dogecoin is also building a pretty good base,” he said, noting that DoGE only participated when Bitcoin had a high. The trigger, in its view, is clear. “Once you drink the DoGE you go to an All-Time High… that can quickly… Once you break the Doge [its] The entire peak period, is usually when the acceleration phase of bitcoin begins. ” He frames the relationship as a recurring feature of Cycle Dynamics rather than a unique one, arguing that the absence of an all-out doodout is one of the few reasons the broader crypto cycle is declining.

Is the Dogecoin Bull Ending?

The Cantonese cat links to a wide backrop of food for danger and summons, but he often abandons the lens to go to himself. He shows the recent price action as a dress-you-going-out category – treated with real reseraging “last … with a big wicker” – a strong sense of guilt without a long structure. “We have never broken the for-time to on the all-time until now … We have an attack event, but we have never [the] YOU’RE BREAKED TO BE BREAKED,” he said, adding that the build-up of money is consistent with how previous cycles have played out before looking ahead.

Part of his confidence comes from how he studied Bitcoin’s dominance and the Altcoin cycle. He points out that the monarchy has done it for “2022, 2023, 2024, probably a lot of 2025,” it looks “a little tired,” and it’s been going sideways for years. In his framework, a low chance of dominance will not mean bitcoin’s weakness; Instead, it meant affecting altcoins.

Dogecoin vs Bitcoin Price Analysis | Source: x @cantow

“If we keep the cycle here… This will be the first time that we’ve never had an exchange from Bitcoin to Altcoins and we’ve never had that parabolic phase – and this time it’s different.” He explains that he doesn’t buy “this time” in this different “narrative, to say,” I don’t really think the cycle is different [the] – it was early [one]… because things are still playing out. “

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Dogecoin-Speetaway for Dogecoin is that the recent pressure of the market is not bad and the historical sequence it expects. He points out that signature currency moves usually come after a long period of decline, usually in a limited window.

“Last time [it] It only happens within a few months and the next thing you know it’s like WHOA about what happened with its protection, “it means that most people have been wearing everyone,” what does it mean that you are wearing everyone, “but you look at that person in general.

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Cantonese Cat insists over and over again that he does not give financial advice and admits his call is wrong. However, you return to the same fulcrum: Dogecoin has never delivered a marked event of a completed cycle.

Until it happens – or if it actually fails – you are treating the coin as consolidated rather than safe. “The truth [is]I don’t really think the cycle is different … we’ve never had that [DOGE] QWAWWINI, “says summarizing the risk – in his view assessment. In other words, for sellers who put the results of the cliecle late, his message is that the bailouts can start.

DoGE is a price objective

Although the analyst did not say anything new for Doge on Oct. 19 Video, he defends standards from his previous work, where he laid out the frameworks for Dogecoin’s targeted drugs. In those previous notes, he argued that DoGE could enter wave 3 of the Elliott wave structure after retracing the 0.618 Fibonacci retracement of the previous Impelse ($0.20088).

In that frame, he highlighted the speculation about $ 0.48 (1.0 added), $ 0.89 (1.272 (1.414), and $ 1.618). With a different comment, he touched it with the results of $ 2.00 + If the breakout accelerates, and the exception is different – it may be from pure-video – “I will find the doute can hit you $ 4 of the cycle …”.

At press time, Doge traded at $0.201.

Dogecoin price
Goge is holding above the multi-year line, 1-day chart | Source: Dogeusdt on TradingView.com

The featured image is made with DALL.E, a chart from ChattingView.com

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