Analyst Warns Dogecoin Recovery Depends on Ethereum and Russell 2000 Breakouts

Crypto analyst VisionPulsed's recent analysis questions whether the Dogecoin crash has ended. He asserts that Dogecoin will not see significant movement until Ethereum and the Russell 2000 index breach their all-time highs. Key points include:

Dogecoin has shown higher lows and highs since October 2023, yet has remained stagnant for 175 days.
Past accumulation patterns suggest potential bullish outcomes, but current cycle conditions differ from previous trends.
The typical post-halving price increase for Dogecoin has not materialized, as it is nearly 500 days past the last Bitcoin halving.
Market dynamics show that attempts by the Russell 2000 to break its peak have historically led to declines in altcoin dominance.
VisionPulsed emphasizes a cautious outlook, suggesting optimism only when both Ethereum and the Russell clear key resistance levels.
Dwindling market engagement and interest reflect an unresolved cycle transition rather than imminent growth.

At the time of reporting, Dogecoin traded at $0.21757.