A Crypto Trader Predicts a Bullish Move for Dogecoin
A crypto trader, known as Bluntz, who accurately predicted Bitcoinโs 2018 price floor, believes that Dogecoin (DOGE) is poised for a significant upside move. Bluntz shares his analysis on the social media platform X, stating that DOGE has the potential to gain against both the US dollar and Bitcoin.
DOGE Completes Correction and Prepares for an Upswing
Bluntz suggests that DOGE has completed a three-wave correction that began in early March and is now ready to embark on another upward trend. He references the Elliott Wave theory, which predicts that after a three-wave ABC correction, a bullish asset will experience a five-wave rally. Based on this theory, Bluntz believes that Dogecoin could surge by more than 50% and reach a price above $0.24.
Pepe Also Shows Potential for an All-Time High
In addition to Dogecoin, Bluntz also highlights another memecoin called Pepe (PEPE), which he believes is ready to make a significant move towards a new all-time high. According to his chart analysis, Pepe has bounced off major support and is yet to complete its macro wave five higher from the lows. Bluntz predicts that Pepe could rise to around $0.000014 after completing a wave four correction at approximately $0.000006.
Conclusion
The analyst known as Bluntz has successfully predicted Bitcoinโs 2018 price floor and now anticipates a bullish move for Dogecoin and Pepe. While these predictions are based on technical analysis and should be taken with caution, they provide insights into the potential future performance of these cryptocurrencies.
Hot Take: Dogecoin and Pepe Gain Momentum
๐ Both Dogecoin (DOGE) and Pepe (PEPE) are showing signs of a potential upward trend, according to crypto trader Bluntz. Bluntz, who accurately predicted Bitcoinโs 2018 price floor, believes that DOGE and PEPE have completed their corrections and are now ready for significant gains. While these predictions are not guaranteed, they provide an interesting perspective on the future performance of these memecoins. Keep an eye on DOGE and PEPE as they could be preparing for a major surge! ๐
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