- Dogecoin faces a critical juncture in June, where a decisive price move will determine if it breaks a cycle of six consecutive red months or falls deeper into bearish territory.
- Key technical signals suggest a major move is imminent, but failure to rally soon could lead to a prolonged summer decline.
Dogecoin is nearing a make-or-break moment as it teeters on the edge of what could become a painful six-month slide. According to crypto analyst VisionPulsed, June is not just another month for DOGE—it’s the month that could decide whether the meme-coin rebounds or plunges deeper into bearish territory.
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A Price Explosion Is Brewing—But Which Way?
VisionPulsed points to tightening Bollinger Band Width Percentile (BBWP) levels on Dogecoin’s charts. Historically, this kind of compression has led to major price movements. The analyst believes the squeeze won’t last beyond the next two weekly candles, setting up for a dramatic breakout or breakdown.
“This is the week, maybe next week at most,” he warned. “BBWP is screaming that we’re about to get something big.”
That “something” could be a rally—especially since Dogecoin recently flashed a hash-ribbon buy signal, a bullish indicator tied to miner activity. The last two times this signal appeared in 2024, prices dipped briefly before rebounding. If that pattern holds, June could bring gains.
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Warning Signs Flash on Dogecoin Charts
Despite this potential, not all signs point north. VisionPulsed’s two-day chart reveals a troubling shift in the stock-RSI, which has turned lower—suggesting weakening strength even as prices test higher lows.
“This may be the first time we print the overbought RSI and don’t go up,” he said, hinting that the bullish case could unravel quickly if price doesn’t move soon.
Timing is also critical. Dogecoin’s past rallies have followed a 70-to-80-day cycle from major swing lows. That cycle expires in mid-June, and any failure to surge within this window could lead to a dismal July and August. With September historically bearish, traders face the real possibility of just a “one-month bull run” before more red.
Make or Break in 10 Days
With DOGE trading at $0.1958 at press time, the next ten days could determine its fate. An upside breakout would confirm the hash-ribbon signal and preserve the rising-lows pattern. But failure to launch risks locking in what VisionPulsed calls “six out of seven red months”—and possibly more to come.
As he put it, “We’re definitely at an inflection point. The potential energy is building up.” Whether that energy fuels a rally or a collapse will be known very soon.
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