Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Top Trader Unveils Path to New All-Time High for Dogecoin, Says DOGE Will Remind Everyone Who Is the King

Top Trader Unveils Path to New All-Time High for Dogecoin, Says DOGE Will Remind Everyone Who Is the King

Daily HodlDaily Hodl2024/11/18 16:00
By:by Henry Kanapi

A trader who continues to grow his following with timely crypto calls is outlining a potential price path for Dogecoin’s ( DOGE ) rally to fresh all-time highs.

Pseudonymous analyst Bluntz tells his 292,900 followers on the social media platform X that Dogecoin looks poised for a new wave of upside bursts after printing a local bottom at around $0.339.

The trader shares a chart suggesting that DOGE could explode to a new all-time high of $0.85 before ending its five-wave surge.

“Nothing changed, we just had a nice 23% low time frame dip I’m counting as a wave four within a monster extended wave three impulse.

Once the next DOGE leg-up start, it will probably start to suck liquidity out of smaller memes again. The only reason they went so hard this week was because DOGE has been chilling for five days in my opinion.

I think this week will be a DOGE week.” 

Top Trader Unveils Path to New All-Time High for Dogecoin, Says DOGE Will Remind Everyone Who Is the King image 0 Source: Bluntz/X

Bluntz practices the Elliott Wave theory, a technical analysis approach attempting to predict future price action by following crowd psychology that tends to manifest in waves. According to Elliott Wave principles, a bullish asset often witnesses a five-wave rally, where waves one, three and five are upside moves and waves two and four are corrective periods.

At time of writing, DOGE is trading at $0.372, down 49% from its all-time high of $0.731.

Zooming in, Bluntz shares his forecast for DOGE in the coming days.

“Ideal scenario for DOGE is a slow grind up over the next few days which could set the stage for another parabolic breakout later in the week similar to the last…

I think DOGE is gonna gently remind everyone who the king is this week.”

Top Trader Unveils Path to New All-Time High for Dogecoin, Says DOGE Will Remind Everyone Who Is the King image 1 Source: Bluntz/X

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X , Facebook and Telegram

Surf The Daily Hodl Mix


Generated Image: Midjourney

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

AVAX breaks through $39

Cointime2024/11/22 16:55

Cardano (ADA) Is Experiencing an Unprecedented Rise! What is the Reason for the Rise, Will It Continue?

Cardano continues to attract attention with its rise.

Bitcoinsistemi2024/11/22 16:44

Ethereum Futures Open Position Breaks Record, According to CryptoQuant Report! Here Are the Details

Ethereum futures open interest has reached an all-time high of over $20 billion.

Bitcoinsistemi2024/11/22 16:44

Famous CEO Solana Says Rally is Just Beginning, Announces Huge Bullish Prediction for SOL Price!

XBTO CEO Philippe Bekhazi claimed that Solana could reach $700, driven by ETF expectations and a Trump-driven rally.

Bitcoinsistemi2024/11/22 16:44