A renowned trader has identified a bullish signal for Dogecoin (DOGE) using a momentum indicator. The analyst, known as Bluntz, shared his findings with his followers on social media.
Dogecoin’s Bullish Reversal
Bluntz analyzed the Dogecoin versus Bitcoin pair (DOGE/BTC) and observed a strong bullish reversal signal on the weekly chart. He noted that this divergence indicates a potential increase in momentum for DOGE, even though its price has been trending down or sideways.
Filecoin’s Accumulation Range
Bluntz also provided an update on Filecoin (FIL), the native asset of a decentralized storage network. He believes FIL is still in its early stages of accumulation and has the potential for significant growth in the future.
Conclusion
The analyst’s insights suggest that Dogecoin may be poised for a bullish reversal, while Filecoin remains a promising altcoin to watch in the AI-related space. However, it’s important to note that these are just predictions and investors should always conduct their own research before making any investment decisions.
