As a seasoned analyst with years of experience in the volatile world of cryptocurrency, I have seen my fair share of market swings and trends. The insights shared by Bluntz Capital, a prominent figure in our community, always pique my interest due to his proven track record. His recent prediction for Dogecoin seems particularly intriguing, given the coin’s history of unexpected surges.
A well-known cryptocurrency expert, who gained popularity on social media for correctly predicting Bitcoin‘s 2018 bear market bottom at over $3,000, has recently expressed his belief that the price of the humorous Dogecoin ($DOGE) might soon experience a major surge.
On the popular social media site X (previously known as Twitter), financial expert Bluntz Capital expressed to his more than 300,000 followers that Dogecoin (DOGE), when combined with Bitcoin (BTC), has been “winding tightly for three weeks now in the final stages of a triangle.” According to him, this setup suggests an imminent breakout is on the horizon.
According to what he said, it’s expected that DOGE will probably experience a fourfold increase during the final month of the bull market, as has been customary.
As suggested by Bluntz, the secret to navigating this rise could be Dogecoin’s capacity to surpass its present diagonal resistance level, approximately $0.50. Once this barrier is conquered, he anticipates that the subsequent price action will exhibit a strong, forceful momentum, resembling Dogecoin’s past breakouts.
Based on a graph provided by Bluntz, it seems that he predicts Dogecoin will set a fresh record high over $0.90. Currently, the coin is being traded at approximately $0.404, representing a decrease of roughly 6.8% in the last day. Notably, it has seen an increase of around 180% over the past month.
According to Bluntz’s perspective, he is optimistic about the overall cryptocurrency market, especially during the month of December. He anticipates that prominent meme coins such as Dogecoin, PEPE, and SHIB will spearhead the advancement, with a significant portion of this movement being fueled by growing retail interest.
It was observed that some meme-based cryptocurrencies are currently handling greater trading activity than certain well-established alternatives like Solana, even though they possess much lower total market values.
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2024-12-04 07:06