According to the Crypto Analyst Analyst Centonese Cat, the Dogecoin decline in months is approaching a turning point, with market structure and momentum dynamics likely to be in good condition in video analysis released on September 29th.
Dogecoin winding up for an upside down explosion
“We’re struggling to surpass 0.618 here,” he talks about Dogecoin’s main Fibonacci retrace mentament barrier on the Highest Frame Chart, saying prices remain pinned under the weekly West Kaiun. Despite the resistance of these headlines, he characterizes the tape as constructive.
In his reading, a continuous downtrend break with fade volume in the background carries probability towards the final inverted impulse. “This downtrend was all about declining volumes, so I know that it’s only a little bit needed to reverse this downtrend,” he explains. “Every time this trend line breaks and the volume starts, you’re going to get much higher.”
The Cantonese cat frames the current phase as an inflection: “The same thing here. There’s a downtrend here with low volume and only a little bit of it needed [of] The volume here and this downtrend here can be reversed. And it appears, as we’re talking, is in the process of doing it right now. “In other words, there could be enough demand to turn momentum and narrow prices through nearby resistance, even without a wholesale change in market liquidity.
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The constructive stance of the analyst is based on the confluence of technical factors rather than a single trigger. In Doge, he highlights repeated trendline violations and systematic backtests held.
He also points out the importance of establishing and maintaining support in the current zone. “I think it’s much higher, especially if we can find support in this particular zone.” The immediate hurdle remains unchanged, with just 0.618 retracement caps and weekly unsolved cloud ceilings suggesting that acceptance of prices beyond these bands confirms a regime shift from distribution to markup.
The broader market context is cooperative
Context from the wider market strengthens his doge view. Cantonese Cat links the Dogecoin setup to improving higher time frame conditions across the crypto. He says Bitcoin has regained key levels after a short fear about the 20-week moving average, closing it above horizontal levels in the daily gun framework, tilting a higher bias “as long as the price is around 112,000.”
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Ethereum “is essentially breaking past 0.86… and finally broke this cycle,” he added. He further breaks other indexes (the top ten yuan market capitalization) over a weekly one-sided cloud, backtesting it, citing Tenkan is rising.
In his words, those signals are “probably [are] Recent candle sequences suggest possible continuance.
In summary, the mosaic reads like a coiled spring of Dogecoin: a series of breaks in descending trends in thinning volumes, a more sticky, higher time frame resistance that absorbed repeated tests, and a growingly supported market-wide background. Catalysts may not require dramatic changes in macrofluidity, in Cantonese cat’s view. If sellers are exhausted and momentum thresholds give way, “just a little volume” can be enough to force a violent re-rick.
He concludes with a conditional yet confident attitude. In Dogecoin, it is converted to a simple playbook. It retains the current base, attracts conservative incremental volumes, converting 0.618 retracements and weekly clouds from resistance to support. If that transition occurs, analysts believe the next phase can be “hurried” unfold. This is the characteristic that defined Doge’s historic gathering as the technical lid finally explodes.
At the time of pressing, Doge traded for $0.233.
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