A crypto analyst, known for accurate altcoin predictions, believes Dogecoin (DOGE) is about to explode. This analyst, who goes by Bluntz online, told their 316,700 followers on X that DOGE is likely hitting its bottom and is poised for a big price jump.
Dogecoin’s Potential Breakout
Bluntz shared a chart showing what they believe is an “Adam and Eve” pattern, a technical indicator suggesting a price floor is forming. They also point to a completed ABC corrective move, another bullish signal. Bluntz, who uses the Elliott Wave theory in their analysis, predicts DOGE could rally to $0.34. Currently, DOGE is trading around $0.25. Bluntz’s quote: “DOGE looking pretty solid here… never short a dull market.”
Hyperliquid (HYPE) – A Different Story
However, the good news for DOGE doesn’t extend to all cryptos. Bluntz issued a stark warning about another cryptocurrency, Hyperliquid (HYPE), a layer-1 protocol. They predict a significant price drop for HYPE, saying, “Who’s ready to get hyper-liquidated?” The analyst’s chart suggests HYPE could break its support and fall below $20. It’s currently trading at $24.14, already down over 5% for the day.
Disclaimer: This is not financial advice. Always do your own research before investing in cryptocurrencies.
