A broadly adopted crypto strategist believes it’s solely a matter of time earlier than prime memecoin Dogecoin (DOGE) erupts.
Pseudonymous analyst Bluntz tells his 301,200 followers on the social media platform X that DOGE solely must take out its diagonal resistance at round $0.50 to ignite rallies to a recent all-time excessive.
“When DOGE lastly breaks this three-week vary, the upside transfer can be violent, identical to the final one, for my part.
Tick tock.”
Wanting on the dealer’s chart, he appears to foretell that DOGE can surge to a brand new document excessive above $0.90. At time of writing, DOGE is price $0.422.
Bluntz additionally thinks that December can be an extremely bullish month for crypto with the highest memecoins main the cost.
“Let the Santa rally start…
DOGE, PEPE and SHIB all doing extra quantity than Solana [Monday] regardless of being, in some circumstances, 1/tenth of the market cap.
In case you suppose the meme meta is useless, I’m sorry however you’re not going to make it.”
Bluntz additionally says that retail merchants at the moment are pouncing on crypto and are extra excited by cash that emerged in the course of the 2017 market cycle, referred to as “dino” cash.
“After observing retail lastly coming again and deciding to start out bidding…. ‘drum roll’ the identical cr*p they bid final cycle.
Makes me suppose when the memecoin bid inevitably comes again on they’re going to bid on dino memes as nicely.
Clearly DOGE, however ALSO SHIB, FLOKI, and so on.”
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