Cryptocurrency trader Bluntz has made a striking price prediction for Dogecoin 
$0.393165 (DOGE). Based on Elliott Wave Theory analysis, he suggests that DOGE could initiate a new bullish trend, potentially rising to $0.85. At the time of writing, DOGE trades at $0.372, which is 49% below its all-time high of $0.731.
Elliott Wave Theory Suggests $0.85 Target
In a statement on social media platform X, Bluntz noted that DOGE has formed strong support at around $0.339. He anticipates a new upward movement from this level. Applying Elliott Wave Theory, he emphasizes that the $0.85 target may signify the peak of a five-wave upward movement.
Bluntz stated, “When the new DOGE rally begins, it will likely start pulling liquidity from smaller meme coins.” He observed that DOGE has displayed a calm chart this week but expects increased volatility as the weekend approaches. The renowned trader maintains optimism, declaring, “This week will be DOGE’s week.”
Uncertainties and Opportunities for DOGE Traders
The future of DOGE remains a significant topic of interest among traders. However, the high volatility in the cryptocurrency market intensifies uncertainties. While Bluntz’s prediction offers encouragement to DOGE traders, it also reminds them to consider associated risks.
Whether DOGE can reach the $0.85 target will become clearer in the coming days. In this period, technical analysis, market psychology, and trader behavior will play a decisive role.
Bluntz’s DOGE prediction illustrates that fluctuations in the crypto market present both opportunities and risks. Therefore, it is crucial for traders to remain vigilant.
