{"id":9143,"date":"2026-01-02T05:11:08","date_gmt":"2026-01-02T05:11:08","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/dogecoin-mirrors-amds-setup-from-last-year-analyst-claims\/"},"modified":"2026-01-02T05:11:08","modified_gmt":"2026-01-02T05:11:08","slug":"dogecoin-mirrors-amds-setup-from-last-year-analyst-claims","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/dogecoin-mirrors-amds-setup-from-last-year-analyst-claims\/","title":{"rendered":"Dogecoin Mirrors AMD\u2019s Setup From Last Year, Analyst Claims"},"content":{"rendered":"

Dogecoin\u2019s pullback is starting to look like a setup, not a breakdown, at least according to crypto analyst Cantonese Cat (@cantonmeow), who says the meme coin is behaving the way AMD did before its turn higher last year.<\/p>\n

Can Dogecoin Replicate The AMD Rally?<\/h2>\n

In a X post on Dec. 31, the analyst argued that slipping prices on weakening volume and growing public reluctance to be bullish is exactly what improves the trade\u2019s risk\/reward.<\/p>\n

\u201cI said that about AMD last year. I\u2019m saying that about DOGE right now,\u201d Cantonese Cat wrote<\/a>. \u201cThe lower price goes down on low volume. The more worried influencers are to publicly be bullish on it. The less people care about this. The better risk-reward ratio there is.\u201d<\/p>\n

\"Dogecoin<\/p>\n

The Dec. 31 chart is built around Fibonacci retracement levels mapped from DOGE\u2019s prior move, with key bands marked at roughly $0.373 (0.886), $0.297 (0.786), $0.202 (0.618), $0.154 (0.5), $0.118 (0.382), $0.084 (0.236) and a lower reference near $0.049 (0). In that view, DOGE is shown sliding into the 0.382 region (around $0.118), a level many technicians watch as a make-or-break area for whether a pullback remains corrective or risks turning into a deeper unwind.<\/p>\n

Below price, Cantonese Cat\u2019s volume bars are annotated with downward arrows, reinforcing the point made in the accompanying commentary: as DOGE moved lower, participation appeared to fade. For the analyst, that combination: declining price paired with softer volume and a more reluctant public tape fits a pattern where marginal sellers can exhaust without attracting aggressive new supply.<\/p>\n

Long-Term Dogecoin Price Targets<\/h2>\n

Cantonese Cat\u2019s earlier Dec. 20 post sets the broader roadmap, describing the preceding stretch as a prolonged downcycle and positioning the current phase as a corrective structure rather than a fresh trend.<\/p>\n

\u201cWe\u2019ve already had a 13 month bear market for DOGE, with my working hypothesis of this being likely a wave 2 correction prior to wave 3 explosion,\u201d the analyst wrote. \u201cThe entire reason why this may play out is that it doesn\u2019t feel likely right now, and you want me to stop posting.\u201d<\/p>\n

That Dec. 20 chart also projects upside targets using Fibonacci extensions, with levels plotted well above the prior range. The marked extension ladder includes roughly $0.90 (1.272), $1.25 (1.414), and $1.99 (1.618), with more aggressive levels further out near $4.78 (2.0) and $8.91 (2.272).<\/p>\n

\"Dogecoin<\/p>\n

The thesis is not that those levels are imminent, but that the convexity of a potential \u201cwave 3\u201d is what makes the current pullback, if it holds the corrective framing, attractive from a risk\/reward standpoint.<\/p>\n

Notably, the AMD comparison is not the only cross-market framing Cantonese Cat has used recently. The analyst has also drawn parallels between Dogecoin and silver, according to our recent coverage, extending the same core idea across different assets: periods that feel uninteresting or unpopular can be precisely when the setup becomes more asymmetric.<\/p>\n

At press time, DOGE traded at $0.12.<\/p>\n

\"Dogecoin<\/p>\n","protected":false},"excerpt":{"rendered":"

Dogecoin\u2019s pullback is starting to look like a setup, not a breakdown, at least according to crypto analyst Cantonese Cat (@cantonmeow), who says the meme coin is behaving the way AMD did before its turn higher last year. Can Dogecoin Replicate The AMD Rally? In a X post on Dec. 31, the analyst argued that…<\/p>\n","protected":false},"author":1,"featured_media":9144,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[131],"tags":[4383,133,374,134,132,216,375],"class_list":["post-9143","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-amd","tag-doge","tag-doge-news","tag-doge-price","tag-dogecoin","tag-dogecoin-news","tag-dogecoin-price"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/9143","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=9143"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/9143\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/9144"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=9143"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=9143"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=9143"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}