dailyhodl.com
A crypto veteran who has earned the “Master Trader” rank on the digital asset exchange Bybit is mapping a bullish path forward for top memecoin Dogecoin ($DOGE).
Pseudonymous analyst Bluntz tells his 285,600 followers on the social media platform X that $DOGE looks strong on all time frames.
The trader shares a chart suggesting that $DOGE has taken out a diagonal resistance that had persisted for about six months.
“Looks to me like $DOGE is sucking liquidity out of the entire meme ecosystem right now.
Nothing looks as bullish to me as $DOGE does on all the timeframes.
$DOGE used to do this in altseasons past where it would run hard and nothing else would move.
Definitely having a deja vu moment.”
The trader shares another chart suggesting that $DOGE could clear its resistance at around $0.228.
“$DOGE.”
At time of writing, $DOGE is trading for $0.144.
Bluntz is also bullish on fellow memecoin Floki ($FLOKI). According to the analyst, $FLOKI needs to take out its immediate resistance at $0.00018 to spark rallies to all-time highs.
“Macro ABC on $FLOKI looks done with a three-month accumulation break inching closer every day, once it gives way, we’ll be at fresh all-time highs fairly quickly, in my opinion.
Have added some today to long-term non-trading bags.”
Bluntz practices the Elliott Wave theory, which states that a bullish asset often witnesses a new uptrend after completing an ABC correction. Looking at the trader’s chart, he seems to predict that $FLOKI will rise to fresh record highs of $0.0005.
At time of writing, $FLOKI is worth $0.000158.
Generated Image: Midjourney