Pseudonymous Analyst Bluntz Believes Top Memecoin Dogecoin (DOGE) Is Primed for More Rallies

An analyst who has earned the “Master Trader” rank on the crypto exchange Bybit believes top memecoin Dogecoin (DOGE) is primed for more rallies.

A crypto analyst who recently attained the “Master Trader” rank on the crypto exchange Bybit believes that memecoin Dogecoin (DOGE) is poised for further rallies.

Bluntz, a pseudonymous analyst, shared his thoughts on DOGE with his 291,000 followers on the social media platform X. According to Bluntz, Dogecoin appears to have completed an ABC corrective wave against Bitcoin (DOGE/BTC).

The analyst, who applies the Elliott Wave principle in his analysis, notes that a bullish asset usually experiences a five-wave advance following an “ABC” correction.

Bluntz's analysis suggests that DOGE/BTC could rally to as high as 0.000008 BTC ($0.73). At the time of writing, DOGE trades at $0.365.

The analyst also believes that BTC has begun a fresh five-wave surge on the lower time frame, targeting $100,000.

Bluntz is also keeping an eye on the memecoin Pepe (PEPE), which the analyst believes is set to rally towards $0.00003.

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