Dogecoin Set for a Significant Surge: A Crypto Analyst’s Bold Prediction
Leading crypto analyst, Bluntz Capital, has stirred the market with a bold prediction about Dogecoin’s trajectory. According to Bluntz, Dogecoin is poised for a dramatic 60% surge against Bitcoin. This article delves into the factors that could trigger such a parabolic rally and the implications for Dogecoin enthusiasts and investors.
Anticipating a 60% Surge in Dogecoin Against Bitcoin
In a recent post on social media platform X, Bluntz Capital provided an insightful chart highlighting Dogecoin’s potential to achieve a 60% upward move relative to Bitcoin. The analyst emphasized that this explosive growth is contingent upon Dogecoin breaking free from its current three-week accumulation phase. Bluntz remains optimistic about this outcome, having reiterated his stance on multiple occasions.
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This anticipated leap could propel Dogecoin close to its historic all-time high of $0.73, significantly outperforming Bitcoin during the ongoing bull market. As of now, Dogecoin has already achieved an impressive year-to-date (YTD) gain of nearly 400%, while Bitcoin’s YTD increase stands at 135%.
Experts Predict Dogecoin’s Ascent to New Heights
Seasoned crypto analysts like Master Kenobi and Kevin Capital are aligning with Bluntz’s perspective, suggesting that Dogecoin might soon surpass its previous all-time high. Their analysis points to a potential target of $1 for DOGE, as the meme coin consolidates similarly to its performance during the 2021 bull run. This phase of consolidation has lasted approximately 25 days, mirroring the initial stage of its previous rally.
Additionally, crypto analyst Mikybull Crypto has echoed these sentiments, predicting an imminent rally that could propel Dogecoin to the coveted $1 mark. In a recent update, Mikybull expressed confidence that DOGE is poised for another significant ascent, reminiscent of its previous ‘god candle’ rally that saw a staggering 200% increase between October and November.
Upcoming Week Holds Promise for Dogecoin
Renowned crypto analyst KrissPax has also weighed in, suggesting that the upcoming week could be pivotal for Dogecoin’s price action. KrissPax’s analysis highlights a nearly month-long upward support line on the 2-hour chart, contrasting with a two-week downtrend in resistance. This setup hints at a potential breakout, strengthening the bullish outlook for Dogecoin.
The analyst further identified an ascending triangle pattern on the 2-hour chart, reinforcing DOGE’s promising trajectory. According to KrissPax, Dogecoin’s next leg up could see it rally to $0.56, marking a significant milestone in its ongoing climb.
As of the latest data from CoinMarketCap, Dogecoin is trading at approximately $0.44, reflecting a 2% increase in the past 24 hours. The market’s anticipation is palpable as Dogecoin regains its bullish momentum.
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