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    Home»Crypto News»Crypto Analyst Sees Memecoins Staging a Comeback, Predicts Rallies for DOGE and FLOKI – The Day by day Hodl
    Crypto Analyst Sees Memecoins Staging a Comeback, Predicts Rallies for DOGE and FLOKI – The Day by day Hodl
    Crypto News

    Crypto Analyst Sees Memecoins Staging a Comeback, Predicts Rallies for DOGE and FLOKI – The Day by day Hodl

    By Crypto EditorFebruary 6, 2025No Comments3 Mins Read
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    A crypto strategist who has earned the “Grasp Dealer” rank on the digital asset change Bybit thinks that it’s nearly time for memecoins to shine.

    Pseudonymous analyst Bluntz tells his 315,000 followers on the social media platform X that meme token Floki (FLOKI) is printing a bullish divergence sign on the each day chart.

    A bullish divergence is historically seen as a bullish reversal sign because it means that an asset is gaining momentum even when the worth drops decrease or strikes sideways.

    Says Bluntz,

    “There’s monster FLOKI bullish divergence printing right here after it swept a MAJOR degree, may print as we speak or tomorrow.

    Adore it or hate it, the meme meta might be staging a comeback right here.” 

    Image
    Supply: Bluntz/X

    At time of writing, FLOKI is buying and selling at $0.000098.

    Taking a look at fellow memecoin Dogecoin (DOGE), Bluntz believes that the crypto asset has accomplished an ABC corrective wave in opposition to the US greenback and Bitcoin (DOGE/BTC).

    Bluntz largely depends on the Elliott Wave principle, which states {that a} bullish asset tends to witness a recent five-wave rally after finishing an ABC pullback.

    Based on the analyst, Dogecoin may probably pull off a 200% surge.

    “Memes largely out of favor right here and getting dunked on huge time however with the massive canine DOGE trying like this, it might be time. HUGE ABC down on the [daily chart] on the USD and BTC pair.

    Potential 2-3x developing.”

    Image
    Supply: Bluntz/X

    At time of writing, DOGE is buying and selling for $0.264.

    Bluntz additionally says he’s keeping track of the TOTAL3 chart, which tracks the market cap of all crypto belongings excluding Bitcoin, Ethereum (ETH) and stablecoins. Merchants use TOTAL3 to gauge the efficiency of the altcoin market.

    Based on the analyst, TOTAL3 seems to have accomplished an ABC correction and is now poised to ignite rallies to a recent all-time excessive of $1.3 trillion.

    “This bounce seemingly turning right into a full-blown V reversal.

    TOTAL3 fully reclaimed the breakdown and appears like a… clear ABC.

    Very laborious to not be bullish right here.” 

    Image
    Supply: Bluntz/X

    At time of writing, TOTAL3 is buying and selling at $889.814 billion.

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    Disclaimer: Opinions expressed at The Day by day Hodl aren’t funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your individual threat, and any losses you might incur are your accountability. The Day by day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Day by day Hodl an funding advisor. Please observe that The Day by day Hodl participates in online marketing.

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