Dogecoin Alert: Historic November Rally Pattern Could Be Back

Each major crypto cycle has had one thing in common — Dogecoin tends to wake up before the rest of the market. Analysts studying its historical behavior point to a recurring pattern where the coin starts moving higher around November, setting off a broader wave of enthusiasm across altcoins.

Crypto chartist YazanXBT resurfaced that data this week, reminding his followers that the meme token rallied during the same period in 2015, 2017, 2020, and 2024, all of which preceded massive altcoin breakouts. “November has been the launchpad for DOGE every time,” he said, adding that the coin’s momentum has historically served as a signal that “altseason” is near.

The Calm Before the Bark

Despite that optimism, Dogecoin has spent the first days of November drifting slightly lower, trading near $0.18. The decline hasn’t dampened enthusiasm among larger holders, however. On-chain data reveals that whale wallets are quietly accumulating, hinting that deep-pocketed traders may be preparing for a reversal.

This isn’t new behavior. Dogecoin often trades quietly before sudden rallies that spread through the wider market — a pattern traders have learned to treat as a sentiment gauge. When DOGE moves, smaller coins usually follow.

Whales Wait, Memecoins Cool

The broader memecoin space, however, has been cooling off. Blockchain intelligence firm Arkham reports that a high-profile memecoin portfolio belonging to Murad has plunged by 59%, dropping from $67 million to $27.5 million as speculative interest fades.

Tokens such as POPCAT, MOG, and RETARDIO have seen sharp declines after peaking in mid-summer, when the memecoin market briefly surged above $70 billion in capitalization before losing steam in early September.

Altcoin Season or False Alarm?

Adding to the caution, the Altcoin Season Index has fallen to 41, far from the 84 level seen earlier this year. The metric suggests Bitcoin dominance is still strong and that investors haven’t yet rotated back into higher-risk assets.

That hasn’t stopped traders from watching for early signs of change. Historically, Dogecoin has acted as a bridge between Bitcoin rallies and wider altcoin surges. If Bitcoin’s pace slows later this month, capital could start migrating toward meme coins again — and DOGE might lead that charge.

The Waiting Game

For now, Dogecoin’s community is balancing patience with expectation. The meme coin may be down on the charts, but it’s rarely out of the conversation. Its cyclical rallies have earned it a cult following that views every quiet November as a potential prelude to chaos.

Whether that tradition continues this year will depend on one thing — if the market is ready to bark again.