Cryptographic analyst Capital Bluntz has predicted that Dogecoin price could soon witness a “violent” 60% move against bitcoin. The analyst also revealed what needs to happen for this parabolic rally to occur.
Dogecoin price will register a 60% movement against bitcoin
in a <a target="_blank" href="https://x.com/Bluntz_Capital/status/1864883665475629244″ rel=”nofollow” target=”_blank”>x publicationBluntz Capital shared an accompanying chart showing that Dogecoin price could record a 60% move against bitcoin. He stated that this “violent” bullish move will occur once Dogecoin surpasses these three weeks. accumulation trend. The cryptanalyst is confident that this movement will eventually occur, as he has reiterated several times.
Projected 60% Rally Against bitcoin Would Bring Dogecoin Price Closer to Its Current Level all-time high (ATH) of $0.73. It would also put the top meme coin well above the flagship cryptocurrency in this bull run. Dogecoin currently boasts a year-to-date (YTD) gain of nearly 400%, while bitcoin has a year-to-date (YTD) gain of 135%.
crypto analysts like Master Kenobi and Kevin Capital have predicted that Dogecoin could surpass its ATH on its next rise. A rally above its current ATH would be the $1 target in sight for DOGE. These analysts recently predicted that the next leg up could begin soon as the meme coin has been consolidating for about 25 days, just as it did in the 2021 bull run after the first phase of its bullish rally.
Cryptographic analyst Mikybull crypto He also confirmed that Dogecoin's price rally to $1 is about to begin. In a post by x, he stated that DOGE's biggest move to $1 is about to get underway. This was an update to a previous post where I predicted that the top meme coin could take another divine candle to $1.
Dogecoin's price already took off between October and November, when it enjoyed a gain of more than 200%.
Next week could be huge for DOGE
Cryptographic analyst KrissPax has suggested that next week could be huge for Dogecoin price, with a breakout imminent. In a recent analysis, he stated that Dogecoin on the 2-hour chart has an almost month-long uptrend support line, while resistance has been in a downtrend for the past two weeks.
In line with this, the crypto analyst said that it looks like something will give next week, hinting at a Dogecoin price breakout. KrissPax also recently highlighted a ascending triangle on Dogecoin's 2-hour chart, which he claims shows that DOGE's outlook remains very bullish. The analyst's accompanying chart showed that Dogecoin price could rise to $0.56 in the next bullish leg.
At the time of writing, Dogecoin price is trading at around $0.44, up more than 2% in the last 24 hours, according to data from CoinMarketCap.
Featured image created with Dall.E, chart from Tradingview.com
