The 12-hour Dogecoin chart shared by the analyst Cantonese Cat (@cantonmeow) maps a textbook Adam and Eve double-bottom that has been forming since early August. The left trough (“Adam”) is a sharp V-shaped selloff into the swing low at $0.18864. The second trough (“Eve”) is a broader, rounded base carved through late August and early September, with price repeatedly defending the lower-mid range around the $0.20–$0.21 band that aligns with the 0.136 Fibonacci retracement at $0.19976 and the 0.236 level at $0.20836.
In classical charting, an Adam and Eve is a two-stage reversal structure: a fast, vertical capitulation (Adam) followed by a slower, more symmetrical and rounded retest (Eve) that often reflects absorption and basing. The pattern is validated by a breakout through the “neckline,” defined by the intervening peak between the two troughs.
The pattern’s neckline coincides almost perfectly with the 0.618 Fibonacci retracement, plotted at $0.24473. Into the latest 12-hour candles, DOGE has rallied from the rounded “Eve” base to test this band, printing a wick marginally above it before slipping back to trade around $0.241 on the chart. That keeps the market pressing against the neckline formed by the mid-August reaction highs, but not yet conclusively through it.
Measured traditionally, the Adam & Eve objective is derived from the height of the structure added to the neckline. Using the chart’s own anchors, the vertical distance from the neckline at $0.24473 to the Adam low at $0.18864 is $0.05609.
Projected upward, that yields a primary price target at approximately $0.30082. This target sits between the Fibonacci extension cluster marked on the chart: the 1.0 extension at $0.28746 and the 1.272 extension at $0.32236, with higher extensions shown at 1.414 ($0.34223) and 1.618 ($0.37294).
In sum, the analyst’s 12-hour map frames DOGE compressing beneath a neckline at $0.24473 after building a two-month Adam & Eve base. The pattern’s measured objective is ~$0.3008, with the chart explicitly marking subsequent Fibonacci waypoints at $0.2875, $0.3224, $0.3422 and $0.3729 on continuation, and support shelves stepping down through $0.2329, $0.2216, $0.2084, $0.1998, to $0.1886 at the base.
At press time, DOGE traded at $0.24.
