A prominent trader, known for his accurate altcoin predictions, has recently shared his bullish price target for the popular memecoin Dogecoin (DOGE) in the current bull market. Bluntz, a pseudonymous analyst with a substantial following on X, believes that DOGE has the potential to surge much higher than what most investors anticipate.
Bluntz bases his price target for Dogecoin on its performance against Bitcoin (DOGE/BTC) and utilizes Elliott Wave theory to forecast the memecoin’s potential bull market peak. According to Bluntz, DOGE/BTC is currently in a significant uptrend after a cycle ABC correction that lasted from 2021 to 2024, resulting in a 90% drawdown. The analyst predicts that DOGE/BTC could reach 0.00002 BTC, representing a 373% increase from current levels.
In addition to his analysis of DOGE/BTC, Bluntz also factors in his bullish outlook on Bitcoin, predicting that the leading cryptocurrency could surpass $100,000 this cycle. This optimistic view on Bitcoin’s price trajectory leads Bluntz to project a much higher dollar value for DOGE, with a target of $2.20 per token.
As of the time of writing, Dogecoin is trading at $0.445, but Bluntz’s forecast suggests a significant upside potential for the memecoin. His analysis and price targets are supported by technical indicators and market trends, offering valuable insights for investors looking to capitalize on the potential growth of Dogecoin in the current market environment.
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Image Source: Bluntz/X
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