The DOGE bull run could be in for a continuation, as popular pseudonymous analyst Cantonese Cat cites “great risk-reward” on the Dogecoin price outlook . While macro uncertainty has dulled enthusiasm for riskier plays like meme coins , an 8% weekend bounce could signal the start of a new DOGE uptrend. With the “reciprocal” tariff pause now over and higher duties on 92 countries set to take effect August 7, risk-on sentiment has been weakened amid fears of a mid-2025 bear market repeat. However, speculation around a potential September rate cut remains high, with the potential to stimulate new inflows into risk assets like cryptocurrencies as the cost of borrowing lowers. BREAKING: SEPTEMBER RATE CUT ODDS SURGE TO 90%. pic.twitter.com/HRpJouBbWN — Crypto Rover (@rovercrc) August 5, 2025 Is Dogecoin Ready for A Reversal? In response to previous post shared on X, Cantonese Cat added that Doge displays “great risk-reward here and that I’ll do what I can to buy.“ I bought a little bit more $DOGE and #Fartcoin last night, but you pretty much knew that I think it's great risk-reward here and that I'll do what I can to buy anyway. https://t.co/ccUByCNFnh — Cantonese Cat (@cantonmeow) August 3, 2025 The post in question noted how the Dogecoin price had broken the ”bear market trendline” that has held it in downtrend since late July, now retesting a ”bull market” support band. Coinglass derivatives data shows speculative demand picking up again, with Open Interest up 2.43% today to $3.15 billion, traders are actively following price moves. Dogecoin Open Interest. Source: Coinglass. Exchange data shows these traders are positioning for a bullish continuation, with a Binance Long/Short Ratio of 2.98, 75% of traders positioning long. Dogecoin Price Analysis: Is the Bull Market Ready to Continue? The breakout from the “bear market trendline” noted by Cantonese Cat feeds into a broader falling wedge pattern, acting as the upper boundary to its consolidation. DOGE / USDT 4-hour chart, falling wedge breakout. Source: TradingView, Binance. A successful back-test of this trendline has now confirmed it as support, marking a higher low and validating the wedge breakout structure. Momentum indicators are flashing green. The RSI is now back above the neutral line at 52 after briefly dipping, a sign that buyers are in control. The MACD line tells a similar story, maintaining its lead on the signal line despite a slight hiccup, signalling a strong short-term uptrend taking root. If this momentum holds, the wedge breakout targets past resistance at $0.25 for a potential 25% gain. Should this level flip to support, the rally may extend toward the mid-July high at $0.2875 in a 38% gain, clearing a path for a continuation of the bull run. Traders Don’t Need To Wait For the Bull Run to See Gains Dogecoin could be on the cusp of another bull run, but the market hasn’t fully priced in the impact of reciprocal tariffs following the U.S. duty hike set for August 7—HODLing here is still a high-risk bet. Leverage traders play by different rules; they don’t wait for the market to climb, they profit by predicting the move before it happens. Now with CoinFutures, the brand-new leveraged trading platform from the hugely popular CoinPoker platform, getting started is simpler than ever. With CoinFutures , you decide if a crypto is going up or down, how much to stake, and how much leverage to use—up to 1000x. This leverage is what multiplies potential winnings (and potential losses). But, thanks to built-in stop-loss orders and the option to cash out any time, you control your exposure and risk. For spot traders, a 1000x is a rare occurrence requiring the luck to get in early or the conviction to play the long game. For leverage traders, it’s a strategic choice. Early sign-ups receive a 150% bonus on initial deposits over $2,000, with no KYC or exchange accounts required to sign up. Click Here to Find Out More The post Dogecoin Price Prediction: Analyst Calls This the Perfect Entry – Is DOGE About to Explode? appeared first on Cryptonews .
