On the daily chart, he acknowledged weakness relative to shorter moving averages and cloud resistance, noting that DOGE is \u201cconsol[i]dating sideways\u201d and has \u201cbroken down underneath the 20-day.\u201d He framed that as a routine reset within trend rather than a breakdown, pointing to Ichimoku dynamics: after being \u201crejected up here by the Ichimoku cloud a few weeks ago,\u201d price is \u201ctrying to hold the tenkan\/kijun back-testing area [to] find some energy here to break back above.\u201d<\/p>\n
As part of that attempt to rebuild momentum, he said, Dogecoin \u201cjust had a double bottom over here,\u201d a pattern he reads as evidence of demand at support. Via X, he added: \u201cDOGE weekly: Endless back-test of the Ichimoku Tenkan, but forming higher low here after its recent double bottom formation.\u201d<\/p>\n
![\"Dogecoin](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/08\/GyuYEdIXwAEjkDJ.jpg?resize=1024%2C610\")
<\/p>\n
Responding to concerns that rangebound price action implies exhaustion, he emphasized \u201ctimeframe bias\u201d\u2014that traders overweight recent chop and underweight the series of higher lows that has defined DOGE\u2019s structure since its cycle base. While he conceded that \u201cit\u2019s always possible\u201d for supports to fail, he found no decisive evidence on higher timeframes that Dogecoin\u2019s 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.<\/p>\n
Crucially, he situated his DOGE view within broader market-cap structures\u2014what many traders track as TOTAL and its variants. On OTHERS (crypto market cap excluding Top 10), he observed that the composite \u201cjust broke about the 0.5 here and\u2026 couldn\u2019t break through 0.618,\u201d describing a market that is still consolidating within a Fibonacci-defined range.<\/p>\n
More pointedly, he highlighted TOTAL3\u2014the total crypto market cap excluding Bitcoin and Ethereum\u2014as a constructive backdrop for altcoins: \u201cTotal three actually looks pretty decent here. If you look at the\u2026 chart, like this looks like a beautiful cup and handle\u2026 [it has] broken about the 0.86 [and is] getting ready for some all-time high stuff here.\u201d On that basis, he rejected the idea that a cyclical top is already in for altcoins: \u201cI cannot be bearish on the entire cryptocurrency market\u2026 I just cannot when Ethereum just had [its] breakout above the 0.86.\u201d<\/p>\n
That macro-alt setup, he argued, helps explain why DOGE\u2019s higher-timeframe supports continue to attract buyers even as intraday moves turn noisy. The upshot is a patience-trade: DOGE\u2019s 20-week and 20-month moving averages remain his \u201cprimary line of defense\u201d 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\u2019s verdict on Dogecoin is unchanged: \u201cIt is still a bullish chart until proven otherwise.\u201d<\/p>\n
At press time, DOGE traded at $0.21466.<\/p>\n
![\"Dogecoin](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/08\/DOGEUSDT_2025-08-20_10-49-05.png?resize=1024%2C471\")
<\/p>\n","protected":false},"excerpt":{"rendered":"
Dogecoin\u2019s consolidation has not broken its higher-timeframe uptrend, according to crypto analyst Cantonese Cat (@cantonmeow), who in an August 19 livestream argued that DOGE continues to respect key support structures despite choppy day-to-day price action. \u201cA lot of people are very very bitter about Doge, of course,\u201d he said, because the meme-coin \u201chas been [forming]…<\/p>\n","protected":false},"author":1,"featured_media":6657,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[221],"tags":[167,168,169,166,170,171],"class_list":["post-6656","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-doge","tag-doge-news","tag-doge-price","tag-dogecoin","tag-dogecoin-news","tag-dogecoin-price"],"_links":{"self":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/6656","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/comments?post=6656"}],"version-history":[{"count":0,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/6656\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media\/6657"}],"wp:attachment":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media?parent=6656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/categories?post=6656"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/tags?post=6656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}