Dogecoin (DOGE) traded at $0.1915 on October 30, hovering inside a tightening downtrend channel. Analyst VisionPulsed suggested in an October 28 update that DOGE may enter a “seasonal window of strength” in November, contingent on risk appetite returning to crypto and Bitcoin maintaining support above its key moving average.
VisionPulsed mapped the setup as a chain reaction driven by traditional markets. “If the S&P can push higher, then the Russell 2000 may follow,” he said, describing how equity momentum can fuel crypto sentiment. According to him, when small-cap stocks rally, Ethereum often breaks out next creating conditions that historically favor Dogecoin.
He cited the years 2022 and 2023 as examples of late-October bottoms leading to November reversals. His model suggests a potential repeat, provided that Bitcoin sustains its trend and Ethereum confirms a breakout. “If both align,” he added, “slap Dogecoin on there.”
The price movement of Dogecoin continues to be very clear, with the support and resistance lines set at $0.2130 and $0.1770, respectively. The Fibonacci levels of 61.8% and 38.2% define this interval, whereas the trend line above $0.2380 indicates a major resistance level for the bulls.
The 14-day Relative Strength Index (RSI) is at 41.32, which shows that there is not much buying pressure and the momentum is low. The average of the RSI is at 41.50, suggesting that there is a balance between bulls and bears. This type of pattern indicates that traders are looking for a clear sign before they put their money in.
DOGE has been moving parallel to the price of $0.1770 and $0.1950 for quite some time now, creating a gray area of confusion. A breakout over $0.1950 could lead the price to $0.2130, whereas a fall beneath $0.1770 could lead to retests of $0.1550 or $0.1400.
VisionPulsed framed his outlook as “tactically bullish” but conditional. He noted that the top of Dogecoin’s ascending channel remains in play as long as it holds the lower trendline.
He underscored that crypto strength depends on an equity “handoff” from the S&P 500 to smaller caps, followed by an Ethereum breakout. Bitcoin’s moving average, he said, remains the critical anchor in that sequence.
As the analyst summed up, November presents the opportunity, but the rally’s ignition depends on coordinated strength across markets. His parting words were measured: “As always, none of this is financial advice.”
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Dogecoin trades near $0.19, awaiting confirmation from Bitcoin’s support and Ethereum’s breakout. Analyst VisionPulsed sees a potential November rally if equity markets sustain momentum, positioning DOGE for a rebound toward its upper channel resistance near $0.23.
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