The Dogecoin price has been stuck in a slow and frustrating phase for a long time. For more than a year now, the price has moved mostly sideways with a bearish tilt, leaving very little for traders to get excited about.
On the weekly chart, DOGE is still far from its previous highs, and momentum has been hard to come by. That lack of excitement is exactly why some analysts are paying closer attention.
According to prominent analyst Cantonese Cat, Dogecoin has already been through a 13-month bear market.
The current price action fits the profile of a wave 2 correction, which often shows up right before a much stronger wave 3 move. In other words, this phase is not supposed to feel good.
What you'll learn 👉
The DOGE Weekly Chart Still Tells a Clear Story
Looking at the char Cantonese shared, wave 1 is already in place, followed by a long and uneven pullback. The price remains capped by a descending trendline, which has stopped several upside attempts. So far, that keeps the DOGE price locked inside a broader consolidation range.
This kind of behavior is common during wave 2 corrections. These phases tend to be slow, choppy, and mentally exhausting. They shake out impatient traders and cool down sentiment before the market decides on its next big move. From that perspective, Dogecoin’s current structure looks more like a reset than a failure.
Why This Phase Feels So Uncomfortable for DOGE
One of the most interesting points in Cantonese Cat’s analysis is psychological. If Dogecoin were already breaking out, the move would feel obvious. Instead, price action feels dull, uncertain, and easy to ignore.
That is often how wave 2 corrections behave. By the time wave 3 begins, most people have either lost interest or convinced themselves that nothing will happen. When momentum finally returns, it usually does so quickly and without much warning.
For the DOGE price to move out of this corrective phase, the price needs to reclaim key weekly resistance and break above the descending trendline. Until that happens, the market remains in a waiting mode.
As long as DOGE holds its broader support range, the wave 2 scenario stays valid. A clear breakdown would challenge that view, but so far the structure remains intact.
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Patience Still Defines the Dogecoin Outlook
Dogecoin is not flashing strong bullish signals right now, and that is exactly what makes this phase interesting to some analysts. The DOGE chart points to compression and accumulation rather than collapse.
For now, the DOGE price remains in a holding pattern. Whether this structure leads into a wave 3 expansion will depend on how price reacts in the months ahead.
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