Jakarta, Pintu News – According to crypto analyst VisionPulsed, November opens a window of strength for Dogecoin (DOGE), which is closely tied to the performance of the US stock market and the stability of Bitcoin (BTC). In a recent video update, VisionPulsed attributes Dogecoin’s upside potential to a series of familiar market events. If the S&P 500 index shows an increase, followed by the Russell 2000 index, this could trigger a surge in Ethereum (ETH) and subsequently, momentum for Dogecoin.

VisionPulsed outlines that if the S&P 500 manages to rise, the Russell 2000 is likely to follow suit. A rise in the Russell 2000 is often a precursor to a surge in Ethereum, which in turn, could fuel Dogecoin’s rise. The analyst pointed out that Dogecoin is currently in an ascending channel, with the price continuing to increase following the trend line and potentially accelerating towards the top of the channel in mid-November.

In a positive scenario, in the event of an altcoin season, Dogecoin could reach much higher prices, possibly approaching $0.80 or $0.90. However, VisionPulsed also warns about the potential downside if momentum stalls at resistance with no signs of Bitcoin’s dominance decreasing, which could lead to a price drop back to $0.13.
Also Read: 5 Strong Signals Dogecoin (DOGE) Could Explode in November: Here’s What Analysts Say

The key to all scenarios described by VisionPulsed is the integrity of Bitcoin’s trend. If Bitcoin fails to maintain its moving average, it could signal the absence of a bull run opportunity and enter a bear market. Conversely, if Bitcoin manages to maintain its moving average, this would favor the continuation of the bull run. Ethereum also plays an important role as an indicator of altcoin market strength.
If Ethereum can climb higher, this will provide a positive signal for Dogecoin to follow. VisionPulsed emphasizes the importance of timing in its analysis, anticipating Dogecoin’s steady rise to the top of its channel in mid-November.

VisionPulsed describes the current situation as tactically bullish with different possible outcomes depending on several key factors. The message for Dogecoin traders is that November offers opportunities, but it all depends on equity markets, Bitcoin trend support, and confirmation from Ethereum. While there is a lot of optimism, VisionPulsed cautions that there are no guarantees in the crypto market and it is important to be prepared for all eventualities.
Also Read: Will Ripple (XRP) Surge Before 2030? Check out his bold prediction!
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