A seasoned crypto trader who has achieved the prestigious “Master Trader” status on the popular digital asset exchange Bybit is paving the way for a bullish outlook on the top memecoin, Dogecoin (DOGE).
Known as Bluntz, this analyst with a strong following of 285,600 on the social media platform X, is optimistic about DOGE’s future performance across all time frames. Bluntz recently shared a chart indicating that DOGE has broken through a diagonal resistance level that had been in place for approximately six months.
In his own words, “Looks to me like DOGE is sucking liquidity out of the entire meme ecosystem right now. Nothing looks as bullish to me as DOGE does on all the timeframes. DOGE used to do this in altseasons past where it would run hard and nothing else would move. Definitely having a deja vu moment.”
Bluntz also shared another chart highlighting that DOGE could potentially surpass its resistance level at around $0.228. As of the time of writing, DOGE is currently trading at $0.144.
In addition to his positive outlook on DOGE, Bluntz is also optimistic about another memecoin called Floki (FLOKI). According to the analyst, FLOKI needs to break its immediate resistance at $0.00018 in order to trigger rallies towards all-time highs.
Bluntz practices the Elliott Wave theory, which suggests that a bullish asset often experiences a new uptrend after completing an ABC correction. Based on his analysis, it seems that FLOKI could climb to new record highs of $0.0005. Currently, FLOKI is valued at $0.000158.
For those interested in staying up-to-date with the latest developments in the crypto market, subscribing to email alerts or following on social media platforms such as X, Facebook, and Telegram is highly recommended.
In conclusion, Bluntz’s analysis and predictions for DOGE and FLOKI offer valuable insights for crypto enthusiasts looking to navigate the volatile market landscape. With a keen eye on technical indicators and market trends, Bluntz provides a roadmap for potential opportunities in the ever-evolving world of digital assets.