With prices hovering around $0.16\u2014down over 25% in the past month\u2014speculators are beginning to look beyond the recent dip, focusing instead on signs of a deeper bullish setup forming under the surface.<\/p>\n
One pseudonymous analyst, known as Cantonese Cat, argues that DOGE\u2019s prolonged sideways action isn\u2019t a sign of weakness but rather consolidation. In their view, the meme coin has been winding up like a spring over the past six months, and it\u2019s only a matter of time before that energy is released to the upside. They point to a potential breakout scenario based on Fibonacci levels, suggesting that if DOGE reclaims key retracement zones, it could eventually target $1.60, $2.26, and even as high as $4.13 during this market cycle.<\/p>\n
\u201cPeople are growing tired of Dogecoin, and that\u2019s exactly what market cycles are designed to do\u2014shake out weak hands before big moves,\u201d Cantonese Cat noted. \u201cAs long as higher lows hold, the trend remains bullish.\u201d<\/p>\n