Dogecoin (DOGE) and Floki Inu (FLOKI) Rally Incoming as Analyst Predicts New All-Time Highs

The cryptocurrency market is starting to give Uptober its due. Bitcoin, the leading crypto, made a strong rally to $69,000. The altcoin market continues to show strength, with exceptions.

Cryptocurrency markets are starting to give ‘Uptober’ its due. Bitcoin, the primary cryptocurrency, made a strong rally to $69,000. The altcoin market continues to show strength, with exceptions. In the meantime, meme coins, which are essential for bull markets, have entered the scene. Especially, Dogecoin, the original meme coin that Elon Musk supports, stands out with its performance. However, this could be just the beginning. A renowned analyst is paving the way for a rally for Dogecoin going forward. He also points north for another meme coin.

Bluntz: The original meme coin is very strong!

As you have been following on Kriptokoin.com, the crypto market continues to show strength even though it loses altitude from time to time. There is no doubt that meme coins have a lot of influence on this. Bluntz, a crypto analyst and trader nicknamed Bluntz, who earned the rank of “Master Trader” at Bybit, says that the original meme coin DOGE looks strong in all timeframes. The analyst shares a chart that reflects DOGE’s diagonal resistance that has been going on for about six months. In this context, the analyst makes the following statement:

It seems to me that DOGE is currently absorbing liquidity from the entire meme ecosystem. Nothing looks as bullish to me as DOGE has been on all timeframes. DOGE used to do this in altseasons in the past where it would run hard and nothing else would move. I am definitely having a deja vu moment.

The analyst also shares another chart suggesting that DOGE will breach its resistance around $0.228. Meanwhile, DOGE was trading at $0.142 at the time of writing, up 1.81% on a daily basis. The meme coin is up over 23% on its weekly chart.

Analyst expects strong rallies from FLOKI too!

Bluntz is also bullish on the meme coin Floki (FLOKI). According to the analyst, FLOKI needs to break through the immediate resistance of $0.00018 to rise to new all-time highs. Accordingly, the analyst makes the following assessment:

The macro ABC on FLOKI looks complete with the quarterly accumulation breakout getting closer every day. Once it gives way, I think we’ll be at all-time highs pretty quickly. I added some to the long-term non-trading bags today.

Bluntz applies the Elliott Wave theory in his analysis, which states that a bull asset usually witnesses a new uptrend after completing the ABC correction. According to his chart, the analyst predicts that FLOKI will rise to new record highs of $0.0005. Meanwhile, at the time of writing, FLOKI was changing hands at $0.0001496, down 3.15% on a daily basis. The token is in neutral territory on its weekly chart.

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