Dogecoin Faces Six-Month Downtrend Risk Without June Surge, Technical Signals Highlight Urgency

Dogecoin is nearing a critical turning point, according to analyst VisionPulsed. He emphasized that the upcoming two weeks are crucial for determining whether the meme coin will see an upward surge or face a series of declining months that could resemble bear-market conditions. The analyst pointed to several technical signals, such as the Bollinger Band Width Percentile approaching levels that often precede significant price moves, and a recently triggered hash-ribbon buy signal indicating potential short-term strength. Despite these bullish signals, momentum indicators like the RSI have started to decline, raising concerns about a possible failure to rally within the current window. The timing is especially precise, with the current cyclical pattern suggesting that if Dogecoin doesn’t rise in June, it may experience a prolonged bearish trend through the summer, with September traditionally being a challenging month. Market macro factors also add complexity, as the S&P 500 approaching all-time highs could influence broader investor sentiment towards cryptocurrencies. Dogecoin’s pattern of higher lows offers some hope, but the fragility of this pattern makes the next few weeks vital. A bullish breakout would confirm a positive trend reversal and potentially reset market sentiment, while a failure to rally could cement a bearish spiral for the months ahead.