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.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.