Key Insights:
- Dogecoin price showed repeated November strengths, sparking optimism despite the latest dip.
- On-chain data indicated large-holder accumulation ahead of the new month.
- Market breadth stayed weak while BTC dominance remained high across crypto.
Dogecoin price has recently witnessed another pullback amid a broader crypto market selloff.
However, it seems that the meme coin is following a recurring November pattern across major exchanges. Historical charts and recent large-holder activity shaped expectations for possible altcoin strength.
Dogecoin Price Repeats November Trends
DOGE price carried a track record of strong November moves across several cycles. Dogecoin price history in 2015, 2017, 2020, and 2024 showed breakouts that started in November.
Those advances often preceded broader strength across alternative tokens. Traders described this follow-through as “altseason,” a stretch when many tokens outperformed Bitcoin over weeks.
Public charting platforms displayed the same pattern in multiple cycles. Breaks that began in November tended to build momentum and spill into the wider market.
This rhythm suggested a psychological and cyclical driver. Participants remembered prior success, then positioned early as November approached.
DOGE price also acted as a market barometer during speculative phases. When Dogecoin price moved first, liquidity often rotated into smaller tokens soon after.
Seasonality did not guarantee a repeat outcome. It did offer a simple roadmap built on observed behavior from earlier years.
Dogecoin Price Sees Mixed Near-Term Signals
The Dogecoin price was around $0.176 at the time of writing. It declined about 6% over the past 24 hours and 16% over the past week.
DOGE price also lost nearly 31% across the past month. On-chain data pointed to accumulation by large holders during recent sessions. Those wallets added exposure as the new month started.
That build-up contrasted with weakness across the memecoin segment. The group saw a sharp cool-down after a mid-year surge between June and August.
Aggregate memecoin value briefly pushed above $70 billion during that run. It then faded through September and into the fall.
A high-profile on-chain portfolio connected to a well-known trader showed the same pattern. Its value fell from a peak near $67 million to about $28 million.
Holdings in that wallet included tokens such as POPCAT, MOG, and RETARDIO. Those assets recorded deep drawdowns during the recent retracement.
Dogecoin price action sometimes diverged from smaller names during these phases. Liquidity and name recognition supported relative resilience against sharp declines.
Even so, the immediate setup stayed mixed. Seasonal strength argued for upside, while breadth and risk appetite stayed uneven.
Traders, therefore, weighed two strands of evidence. Seasonality and whale buying helped the bull case, while weak breadth limited near-term follow-through.
Can the Market Take a Turn?
Breadth indicators offered an objective way to track a potential turn. The Altcoin Season Index sat near the lower mid-range in recent readings.
That gauge measured how many of the top tokens outperformed Bitcoin over 90 days. Higher values signaled a broad move into alternatives rather than a narrow rally.
Recent prints suggested that altseason had not yet arrived. The index stayed well below prior “altseason-confirmed” peaks from earlier in the year.
Bitcoin (BTC) dominance also stayed elevated into November. That metric measured BTC’s share of total crypto market value.
High dominance usually indicates capital concentration in BTC rather than tokens. Lower dominance often aligned with broader risk-taking across the altcoin complex.
A constructive shift would include two simple signs. The index would rise toward prior highs, and BTC dominance would slip decisively.
Dogecoin price structure would also matter. Prior cycles saw DOGE break out first, then smaller tokens followed suit.
History showed that leadership often came from liquid, high-beta names. DOGE belonged to that group during earlier seasonal runs.
Traders also watched whether losses in popular memecoins stabilized. Stabilization helped rebuild confidence and improve market depth.
November seasonality supplied the narrative frame. Objective gauges offered the confirmation trigger.
A coordinated improvement across those measures would mark a healthier backdrop. Without it, rallies risked stalling against persistent dominance and thin breadth.