Dogecoin Must Break $0.40 to Sustain Bullish Momentum Amid Technical Signals

The six-month decline in Dogecoin may be nearing a pivotal moment. According to independent analyst VisionPulsed, Dogecoin must surpass the key resistance level at approximately $0.40 within the upcoming week or two to maintain the bullish trend for the summer. In a recent video, the analyst highlighted Ethereum's momentum indicator—specifically, the appearance of two consecutive "blue bars"—as a reliable indicator of impending significant market moves across cryptocurrencies. He referenced historical patterns where such signals preceded substantial gains, suggesting a possible rally for Dogecoin if similar conditions materialize. Additional analysis of Bitcoin’s hash-rate patterns, which have historically preceded upward movements after two-week downtimes, supports the possibility of a Dogecoin rally. The model indicates that from the recent lows, a strong move north could occur by mid-June, aligning with the 70-day cycle analysis for Dogecoin. This timing window suggests that breaking above $0.40 now could be crucial. However, if Dogecoin fails to rally now, the analyst warns that the bearish trend may intensify, potentially leading to a prolonged downtrend with significant losses, especially if Ethereum’s price action mirrors a negative scenario. The current pattern of consecutive monthly losses underscores the importance of a decisive move soon. Overall, market structure indicators point to the importance of Dogecoin’s ability to break resistance to sustain its bullish outlook, especially considering Bitcoin’s comparatively strong position in the market. A breakout above $0.40 could catalyze further upside, but failure to do so risks renewed downside momentum.