A popular crypto analyst, known as Bluntz, is predicting a resurgence for memecoins, specifically Dogecoin (DOGE) and Floki (FLOKI). Bluntz, who boasts a large following on X (formerly Twitter), bases his predictions on technical analysis.
Floki’s Bullish Signal
Bluntz points to a “bullish divergence” on Floki’s daily chart. This suggests that despite price drops or sideways movement, the coin’s momentum is actually increasing, hinting at a potential price reversal. He believes this could lead to a significant price increase in the near future. At the time of this writing, FLOKI is trading at $0.000098.
Dogecoin’s Potential 200% Surge
Turning to Dogecoin, Bluntz uses the Elliott Wave theory to predict a substantial price increase. He believes DOGE has completed a corrective wave and is poised for a new five-wave rally, potentially resulting in a 200% price surge. Currently, DOGE is trading at $0.264.
The Broader Altcoin Market
Bluntz also looks at TOTAL3, a metric representing the total market capitalization of all cryptocurrencies excluding Bitcoin, Ethereum, and stablecoins. He sees TOTAL3 as having completed a corrective phase and anticipates a significant rally, potentially reaching a new all-time high of $1.3 trillion. At the time of writing, TOTAL3 sits at $889.814 billion.
Disclaimer
Remember, this is just one analyst’s opinion. Cryptocurrency investments are inherently risky. Always do your own research before investing.
