Traders Anticipate a Dogecoin Explosion: Will November Be the Breakout Month?

November could mark a turning point for Dogecoin (DOGE). Prominent trader YazanXBT pointed out that historically, November has often been one of the strongest months for Dogecoin’s price performance, highlighting several previous market cycles where the meme token staged impressive rallies.

The “November Effect”: Dogecoin’s Historical Pattern May Repeat According to both YazanXBT and ChandlerCharts, Dogecoin has displayed a recurring growth pattern during November — specifically in 2015, 2017, 2020, and 2024. Each of those years saw DOGE surge ahead of a broader altcoin market rally, suggesting that the coin often serves as a precursor to rising speculative sentiment. Analysts believe this is more than coincidence — it may reflect a psychological and cyclical behavior, where investors rotate profits from Bitcoin into altcoins and memecoins once BTC consolidates. Currently, Dogecoin is trading around $0.183, down 2.2% in the last 24 hours and roughly 7% for the week, according to TradingView data. Despite the short-term decline, on-chain whale accumulation suggests that large holders may be preparing for a potential rebound. For many traders, Dogecoin remains a leading indicator of an upcoming altseason, when alternative cryptocurrencies often outperform Bitcoin.

Murad’s Memecoin Holdings Plummet by 59% On the flip side, data from Arkham Intelligence shows that well-known investor Murad has seen the value of his memecoin portfolio drop 59%, from $67 million to $27.5 million. His portfolio is heavily concentrated in tokens such as POPCAT, MOG, and RETARDIO, all of which have suffered steep declines following the speculative surge between June and August. During that period, the total market capitalization of memecoins briefly exceeded $70 billion before cooling off in early September. The pullback highlights a shift in sentiment as capital flows out of high-risk memecoins back into major assets, particularly Bitcoin.

Altcoin Index Confirms Bitcoin’s Dominance The Altcoin Season Index from BlockchainCenter currently stands at 41, down sharply from a previous level of 84.

This indicates that altseason has not yet begun, though such levels historically appear right before major altcoin rallies. If Bitcoin’s upward momentum slows later in November, capital could rotate back into Dogecoin and smaller altcoins, setting the stage for renewed growth in the meme sector.

Summary: The Calm Before the Breakout? While the memecoin market remains quiet and speculative interest wanes, whales continue to quietly accumulate Dogecoin. The combination of seasonal price behavior, increased accumulation, and easing Bitcoin dominance could create the perfect setup for a November breakout in DOGE. Dogecoin has repeatedly proven that it’s more than just a meme. If history repeats itself, November 2025 could once again be Dogecoin’s moment to shine.

#Dogecoin‬⁩ , #DOGE , #memecoin , #CryptoMarket , #CryptoNews

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies! Notice: ,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“