Ethereum, Dogecoin poised for breakthroughs as crypto markets brace for bullish December, says analyst Justin Bennett

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Crypto analyst Justin Bennett says December could bring rallies in digital asset markets, with Ethereum (ETH) and Dogecoin (DOGE) potentially in the foreground.

The analyst tells his 91,000 Twitter followers that the Dollar Index (DXY), which compares the USD to a basket of other fiat currencies, is sending a bullish signal for the crypto markets.

A lower DXY often signals higher prices for many assets. Bennett notes that DXY may just have had a failed breakout and could now face some bearish momentum.

“DXY looks good for a crypto rally before December.

Friday’s close inside this channel indicates weakness. Now for a close below 95.80.

Let’s see. “

Source: Justin Bennett / Twitter

Bennett also has his eye on the Crypto Total Market Cap (TOTAL) chart. According to him, TOTAL is approaching the end of a broad bullish descending wedge. He also notes a divergence between the rise in the relative strength index (RSI) and the downward price movement. A rising RSI during a downtrend is often interpreted as a sign of a bullish reversal.

“TOTAL descending wedge and bullish divergence developing on the intraday charts.

Something to watch out for. “

Source: Justin Bennett / Twitter

Looking at Ethereum, the analyst says next month looks good for the world’s second largest crypto. Bennett says ETH is “about to do well in December” and may be scrambling for a breakthrough already, as long as it sees more volume.

“ETH is approaching an evasion level.

Just add volume.

Source: Justin Bennett / Twitter

According to Bennett, will also join the rallies, topping the Dogecoin (DOGE) memecoin. He says DOGE is in the middle of a breakout, with its first key resistance at $ 0.25 and a final resistance level at all-time highs above $ 0.75.

“DOGE breaks out.”

Source: Justin Bennett / Twitter

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