\u201cThis is a handle to the cup that wicked as far down as the 0.382 log fib but is currently holding 0.618 back as support. There is no technical damage in the greater scheme of things. Only emotional damage,\u201d Cantonese Cat wrote via X.<\/p>\n
![\"Dogecoin](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/10\/G3I_kCUWEAEplbb.jpg?resize=1024%2C626\")
<\/p>\n
The chart maps a rounded base from the 2021\u20132023 decline into a mid-2023\u20132024 upswing that peaked at the 1.000 Fibonacci marker at $0.48442 in December 202, thereby completing the \u201ccup.\u201d<\/p>\n
Price has since carved the \u201chandle,\u201d with Friday\u2019s crash extending below the 0.382 retracement at $0.11771 before recovering above the 0.618 at $0.20205. At the time of the snapshot, DOGE traded at $0.20568 on the monthly candle, down 11.74% for the period, with open, high, and low printed at $0.23304, $0.27043, and $0.10305, respectively.<\/p>\n
The immediate inflection remains the 0.618 pivot near $0.20205; sustained acceptance above that shelf keeps the handle constructive. Overhead, the 0.707 and 0.786 retracements\u2014$0.24770 and $0.29681\u2014frame the next resistance band. A close through those levels would re-expose the prior swing zone around the 0.886 at $0.37315 and the 1.000 at $0.48442.<\/p>\n
Cantonese Cat\u2019s roadmap also includes standard Fibonacci extensions derived from the completed cup. The 1.272, 1.414, and 1.618 projections sit at $0.90288, $1.24968, and $1.99344, respectively. The latter aligns with the widely cited \u201c$2\u201d objective and is the technical anchor behind the analyst\u2019s headline claim.<\/p>\n
On the downside, the 0.500 at $0.15422 and 0.382 at $0.11771 mark the key retracement supports already stress-tested by the month\u2019s wick; a decisive monthly close below 0.382 would compromise the handle symmetry, but that condition has not been met on the current candle.<\/p>\n
Altcoin Momentum Also Still Intact<\/h2>\n
To contextualize last week\u2019s washout across altcoins, the analyst published a second monthly chart of the \u201cOTHERS\u201d market-cap index (total crypto market cap excluding the top 10). The panel overlays 20-period Bollinger Bands and shows a classic squeeze preceding an abrupt spike in realized volatility.<\/p>\n
According to the readout, the index opened the month near $300.19 billion, posting a high at $332.18 billion and a capitulation low at $156.59 billion before rebounding to $270.35 billion. Notably, that recovery carried back above the 20-month moving average\u2014the Bollinger middle band\u2014currently at $264.88 billion, after wicking to the lower band at $167.44 billion.<\/p>\n
The upper band resides at $362.31 billion. Arrows on the chart highlight a near-identical pattern during the March 2020 COVID deleveraging: a monthly lower-band wick within a band squeeze that preceded a sustained upside cycle once the candle reclaimed the mid-band.<\/p>\n
![\"OTHERS](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/10\/G3JAUcMWIAAsqFS.jpg?resize=1024%2C626\")
<\/p>\n
In commentary accompanying the charts, Cantonese Cat likened the weekend\u2019s crypto drawdown to a\u201cCOVID-like deleveraging.\u201d He wrote: \u201cWhat happened this past weekend with altcoins is very similar to the deleveraging that happened in COVID based on technicals, with monthly Bollinger band squeeze and wicking down to lower Bollinger band. These moves are necessary for us to move up if the bull market is not over yet.\u201d<\/p>\n
He also pointed to US small-cap equities\u2014via the Russell 2000 ETF (IWM)\u2014as evidence of broader risk appetite, arguing that small caps\u2019 V-shaped rebound from their own lower Bollinger Band and approach toward all-time highs helps explain why Bitcoin miners are outperforming spot cryptocurrencies. In his view, market-wide liquidity exists, but clearing excess leverage in altcoins was a precondition for the next leg higher.<\/p>\n
At press time, DOGE traded at $0.21124.<\/p>\n
![\"Dogecoin](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/10\/DOGEUSDT_2025-10-13_15-57-23.png?resize=1024%2C473\")
<\/p>\n","protected":false},"excerpt":{"rendered":"
In a market shaken by liquidations and fear, one chart pattern on Dogecoin\u2019s higher time frame continues to whisper a story most traders seem to be missing. According to crypto analyst Cantonese Cat, the monthly DOGE structure still forms the handle of a larger cup-and-handle formation that has been developing since 2021. Dogecoin Cup and…<\/p>\n","protected":false},"author":1,"featured_media":7595,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[63,374,64,65,216,375],"class_list":["post-7594","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:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/7594","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=7594"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/7594\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/7595"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=7594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=7594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=7594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}