Cryptocurrency analyst Bluntz, known as a “Master Trader” on the Bybit platform, presents an optimistic outlook for Dogecoin $0.372306 (DOGE). He indicates that the popular memecoin has significant potential for further increases in the near future.
New Path for Dogecoin
In a post on social media platform X, where he has 291,000 followers, Bluntz asserts that Dogecoin has completed a technical correction against Bitcoin (BTC) $91,803. Using Elliott Wave theory, he emphasizes that strong upward trends may follow such corrections.
“The DOGE/BTC pair has begun to regain strength. It has surpassed the lows of wave A and completed a clear ABC correction. I expect an upward movement to start from this stage,” he states.
Bluntz predicts that the DOGE/BTC pair could reach 0.000008 BTC, suggesting that this increase could generate new momentum for DOGE.
Bitcoin’s Target of $100,000
Bluntz also expresses optimism for Bitcoin, suggesting that BTC has entered a new five-wave upward trend and could rise to $100,000. He recalls that the current price is $90,227, adding, “So far, everything is progressing as planned.”
Additionally, he provides positive forecasts for another popular memecoin, Pepe (PEPE). He suggests that PEPE could rise to $0.00003, highlighting that its strength should not be underestimated, as its current price is $0.0000214.
“The magical PEPE moves are always surprising,” he remarks.
While cryptocurrency markets are noted for their high volatility, analysts’ insights can offer valuable clues for those interested in investing. Bluntz’s predictions may serve as a guide for those looking to focus on Dogecoin and Bitcoin. However, investment decisions should always rely on personal research.