Dogecoin Faces Make-Or-Break Moment This Month, Predicts Analyst

Dogecoin is trading near $0.198, below its March high but within an eleven-month uptrend. Analyst VisionPulsed suggests Dogecoin should rally in early June, contingent on a bullish market backdrop. Bitcoin's near all-time high and Ethereum's breakout support this positive outlook for risk assets. The analyst emphasizes a 70-day cycle from Dogecoin's April low as a potential catalyst for upward movement. Dogecoin's performance is linked to the ETH/BTC pair and Bitcoin dominance, requiring a rotation for significant gains. Key price levels to watch are $0.23, marking a trendline break, and $0.30, signaling market euphoria. Failure to rally by mid-June would invalidate the bullish setup, according to the analyst. A daily close above $0.23 is critical for a bullish sentiment, and $0.30 would indicate widespread excitement. The overall market conditions, including Bitcoin and Ethereum's performance, support a potential upside for Dogecoin.