Dogecoin Bull Run Expected to Begin Around September 13
Crypto analyst VisionPulsed predicts that Dogecoin may see a price increase starting around September 13. His analysis suggests the current market drawdown aligns with historical trends observed after Bitcoin's halving events, which typically exhibit weak performance for about 510–511 days before a recovery.
Key Insights on Dogecoin and Market Trends
- Current market weakness is seen as part of a longer cycle characterized by extended correction periods.
- Historical patterns indicate September could experience price recoveries, referencing dips in 2021 and 2017.
- The M2 liquidity gauge remains relevant; it has tracked major cryptocurrencies like Solana, Bitcoin, Ethereum, and BNB.
- Large-cap tokens show lagging performance due to liquidity rotation dynamics.
- VisionPulsed estimates that previous all-time highs for assets like Bitcoin may be closer than anticipated, with lower peak projections.
- He emphasizes that an "altseason" depends on traditional equity markets, specifically the Russell 2000 index breaking new highs.
- The period from September 14 to October 24 may introduce volatility in liquidity measures but could also allow for final price surges.
- As of now, Dogecoin trades at $0.21.
