Dogecoin Could Hit a Key Turning Point Around October 22–23
Crypto analyst VisionPulsed says Dogecoin might see an important move as soon as October 22–23. He believes the memecoin’s recent upward trend could either hold with a higher low around $0.16–$0.18, or it might fall, leading to another drop before the year ends.
In a video on October 16, he explained that the coming week is crucial:
"If it breaks down, it’s over. If it holds, we could see a rally."
Why October 23 Matters
VisionPulsed tracks a pattern where Dogecoin hits a trendline support while the RSI (Relative Strength Index) signals oversold conditions. Historically, after this pattern appears, the coin tends to bounce. He also notes that M2 money supply often turns bullish around month-end, which could support Dogecoin.
He points out past examples from March–April and June, saying the trend is repeating this October. He calls any upcoming price increase a “bullish push”, rather than a full bull run, and says it depends on holding support until October 23.
Timing Over Price
The exact price isn’t as important as keeping the trend intact. A higher low could form at $0.16 or $0.18—the point is to stay above the support. If it fails, any lasting reversal could be delayed into November or later.
Seasonal Patterns Matter
October is usually tough for Dogecoin and risk assets in general, while November often brings gains. VisionPulsed highlights past swings:
- June looked finished, then recovered in July.
- August looked finished, then recovered in September.
- October may be bearish, but November could see a rebound.
Dogecoin’s Stalled Cycle
Dogecoin hasn’t moved much over the last few years. VisionPulsed notes:
"Three years ago, it was 16 cents. Now it’s 18 cents."
This year, he sees a make-or-break moment. If the coin fails to break out of its trend channel by December, another drop—or “round trip”—could happen.
Next Moves
He expects one more test of support over the coming weekend, which may involve a brief sell-off. If a higher low forms, it could signal the bottom is in and a rebound may follow.
If support holds, Dogecoin could slowly climb back to the top of its channel by late November, similar to previous recoveries. VisionPulsed concludes that the coin can rebound quickly if the structure is respected:
"We have to hold the bottom first before we can talk about a reversal."
