A widely followed crypto strategist believes it’s only a matter of time before top memecoin Dogecoin (DOGE) erupts.
Pseudonymous analyst Bluntz tells his 301,200 followers on the social media platform X that DOGE only needs to take out its diagonal resistance at around $0.50 to ignite rallies to a fresh all-time high.
[adinserter block="1"]“When DOGE finally breaks this three-week range, the upside move will be violent, just like the last one, in my opinion.
Tick tock.”
Looking at the trader’s chart, he seems to predict that DOGE can surge to a new record high above $0.90. At time of writing, DOGE is worth $0.422.
Bluntz also thinks that December will be an incredibly bullish month for crypto with the top memecoins leading the charge.
“Let the Santa rally begin…
DOGE, PEPE and SHIB all doing more volume than Solana [Monday] despite being, in some cases, 1/10th of the market cap.
If you think the meme meta is dead, I’m sorry but you’re not going to make it.”
Bluntz also says that retail traders are now pouncing on crypto and are more interested in coins that emerged during the 2017 market cycle, known as “dino” coins.
“After observing retail finally coming back and deciding to start bidding…. ‘drum roll’ the same cr*p they bid last cycle.
Makes me think when the memecoin bid inevitably comes back on they’re going to bid on dino memes as well.
Obviously DOGE, but ALSO SHIB, FLOKI, etc.”
Follow us on X, Facebook and Telegram
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
