A popular crypto analyst, known as Bluntz, is predicting a huge price jump for Dogecoin (DOGE). He believes DOGE is poised for a massive rally to a new all-time high.
Breaking the Resistance
Bluntz, who boasts over 300,000 followers on X (formerly Twitter), says DOGE only needs to break through its current resistance level of around $0.50 to trigger a significant price increase. He expects this breakout to be rapid and substantial, similar to previous price surges. His chart analysis suggests a potential new high above $0.90. Currently, DOGE is trading around $0.42.
A Bullish December for Crypto?
Bluntz is particularly bullish on December, predicting a “Santa rally” for cryptocurrencies. He highlights that memecoins like DOGE, Pepe (PEPE), and Shiba Inu (SHIB) are showing higher trading volume than some larger cryptocurrencies, despite having smaller market caps. He believes that anyone who thinks the memecoin craze is over is missing out.
Retail Investors Return to Memecoins
Bluntz also notes a resurgence of retail investor interest in crypto, particularly in coins that were popular during the 2017 market cycle – what he calls “dino” coins. He anticipates that this renewed interest will extend to memecoins like DOGE, SHIB, and Floki Inu (FLOKI).
Disclaimer: This is not financial advice. Always do your own research before investing in cryptocurrencies. Investing in crypto is risky, and you could lose money.
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