Dogecoin Poised for Explosive Growth, Analyst Predicts Major Rally Ahead

A prominent crypto expert predicts that Dogecoin (DOGE) is on the brink of a significant breakout, potentially leading to explosive growth.

Bluntz believes that once DOGE surpasses its diagonal resistance near $0.50, the memecoin could embark on a sharp upward rally, possibly reaching new all-time highs.

Bluntz’s analysis suggests that DOGE might target a price above $0.90, surpassing its previous records. At present, DOGE is trading at $0.42, but he emphasizes that the breakout could come swiftly, likening the potential surge to its dramatic movements in the past.

The analyst also envisions December as a bullish period for the crypto market, with memecoins like DOGE, PEPE, and SHIB spearheading the action. He highlights that these tokens recently outperformed Solana in trading volume, despite having significantly smaller market caps. According to Bluntz, this signals a strong resurgence in the memecoin sector.

Bluntz further notes that retail investors are showing renewed interest in older cryptocurrencies, often referred to as “dino” coins from the 2017 market cycle. He expects this trend to extend to classic memecoins such as DOGE, SHIB, and FLOKI, as enthusiasm in the market grows.