Crypto Expert Predicts Dogecoin Could Surge to New Heights After Recent Dip

A trader known for making accurate cryptocurrency predictions is mapping out a possible price trajectory for Dogecoin (DOGE), signaling the potential for the memecoin to reach new heights.

Bluntz shared that DOGE may be on the brink of a significant price rally after recently bottoming out at approximately $0.339.

Bluntz’s analysis points to a potential rise for DOGE, forecasting the coin could surge to as high as $0.85 before completing its current wave of price action. He suggests that the recent dip of 23% was merely a corrective phase, part of a larger, extended upward movement.

Bluntz believes that once the next rally begins, DOGE could pull liquidity away from smaller meme coins, signaling a strong resurgence for the token. He emphasizes that, after several days of relatively flat price action, DOGE could see a notable breakout this week.

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Utilizing Elliott Wave theory, Bluntz predicts that Dogecoin is following a typical five-wave pattern. In this framework, the first, third, and fifth waves represent upward movements, while the second and fourth waves are corrective phases.

Kostadin Dimitrov