Dogecoin and Bonk: A Memecoin Rally on the Horizon?

A popular crypto trader, known as “Bluntz” on the social media platform X, is predicting a bullish October for Dogecoin (DOGE).

Dogecoin: A Turbocharged Bull Run?

Bluntz, who uses the Elliott Wave theory to analyze market trends, believes that DOGE is in the early stages of a five-wave rally. He sees a potential for DOGE to surge above $0.20 in October, a significant jump from its current price of around $0.122.

Bluntz explains, “DOGE looks turbo bullish here. There are many waves left to go before this impulse structure looks anywhere near completed.”

Bonk: A Dip Before the Climb?

Turning to another memecoin, Bonk (BONK), Bluntz sees the recent correction as a buying opportunity. He believes that the Solana-based altcoin is poised for a rally in the coming days, potentially reaching $0.00032 before completing its five-wave surge.

“Perfect ABC pullbacks here on all the strong memes,” Bluntz says. “If you’ve been wanting to get in, this is the spot right here, right now.”

Important Note: Bluntz’s predictions are based on his technical analysis and should not be considered financial advice. Always do your own research before making any investment decisions.
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