Dogecoin Poised for November Gains, Analyst Predicts
Crypto analyst VisionPulsed suggests Dogecoin may enter a strong period in November, contingent on US equities shifting risk to crypto and Bitcoin maintaining a key moving average. This aligns with a pattern of late-October bottoms followed by November reversals observed in past years.
- The sequence outlined is: S&P strength → Russell 2000 rally → Ethereum breakout → Dogecoin momentum.
- There is no guarantee of a major bull run, but optimism exists through December if certain conditions are met.
- If Bitcoin loses its moving average support, the anticipated bull run would not materialize.
The potential upside for Dogecoin involves reaching $0.80-$0.90 if an altseason occurs, while failure could result in a drop toward $0.13.
- Equities, Bitcoin trend, and Ethereum performance are critical factors.
- A steady climb is expected into early November, with a significant test mid-month.
- The possibility remains that an altseason might not happen.
As of now, DOGE is trading at $0.19372.