Bullish Window For Dogecoin Opens in November, Analyst Says

Crypto analyst VisionPulsed suggests Dogecoin could experience seasonal strength in November. This outlook depends on a broader market shift towards risk assets, specifically from US equities to cryptocurrencies. Crucially, Bitcoin must maintain support at a key moving average for this bullish scenario to materialize. The analyst outlines a hierarchical sequence where S&P 500 strength leads to a Russell 2000 breakout, which in turn increases the likelihood of an Ethereum surge. If Ethereum breaks out, Dogecoin is predicted to follow, mirroring past patterns. VisionPulsed sees Dogecoin trading within a rising channel and anticipates an upward grind into early November, potentially accelerating mid-month. However, he emphasizes this is not guaranteed and the setup is constructive rather than a definitive bull run. A failure to break resistance, without declining Bitcoin dominance, could lead to a significant price drop. Conversely, if an altseason ignites, Dogecoin could rally substantially towards 80 or 90 cents by December, though this might also signal a temporary cycle top. The integrity of Bitcoin's trend, particularly its moving average support, is identified as the ultimate gating condition for any bullish crypto cycle. He likens Bitcoin's role to a "blue circle" bounce on the S&P 500, essential for maintaining crypto market momentum. The analyst acknowledges the possibility of no altseason occurring, but currently views the tactical outlook as bullish, contingent on holding the channel's bottom. Ultimately, Dogecoin's November trajectory hinges on the performance of equities, Bitcoin's trend support, and Ethereum's confirmation of rotation.