An experienced crypto analyst predicts that Dogecoin (DOGE), a popular memecoin, is on the verge of a major surge.
Known as Bluntz, the analyst, with a following of over 301,200 on X, suggests that DOGE is poised for a breakout once it surpasses the diagonal resistance at $0.50, potentially leading to a new all-time high.
“Once DOGE breaks out of this three-week range, the upward momentum could be significant, similar to previous rallies,”
The clock is ticking.
Bluntz’s chart suggests that DOGE could potentially reach a new high above $0.90. Currently, DOGE is valued at $0.422.
Furthermore, Bluntz anticipates a bullish December for cryptocurrencies, with memecoins leading the way.
“Let the holiday rally commence… DOGE, PEPE, and SHIB are generating more volume than Solana, despite having smaller market caps. If you doubt the meme trend, you might miss out.”
Bluntz also notes a resurgence of interest from retail traders in cryptocurrencies, particularly in “dino” coins from the 2017 market cycle.
“Retail investors are back, bidding on the same assets as the last cycle. When the memecoin frenzy returns, they’ll likely target dino memes like DOGE, SHIB, and FLOKI.”
Stay Informed – Subscribe for email alerts
Monitor Price Changes
Follow us on X, Facebook, and Telegram
Explore The Daily Hodl Mix
Image Credit: Midjourney
