dailyhodl.com
An analyst who has earned the “Master Trader” rank on the crypto exchange Bybit believes top memecoin Dogecoin ($DOGE) is primed for more rallies.
Pseudonymous analyst Bluntz tells his 291,000 followers on the social media platform X that Dogecoin appears to have completed an ABC corrective wave against Bitcoin ($DOGE/$BTC).
Says Bluntz,
“$DOGE/$BTC looking sendy again, swept the A wave lows and looks like a clear ABC down move now done.
I have been waiting for this one to cool off to start bull posting again and I think the time has come.”
Looking at the trader’s chart he seems to predict that $DOGE/$BTC will soar to as high as 0.000008 $BTC ($0.73). At time of writing, $DOGE is trading at $0.365.
Turning to Bitcoin itself, the analyst believes that $BTC has started a fresh five-wave surge in the lower time frame, targeting $100,000.
“So far so good.”
At time of writing, Bitcoin is trading for $90,227.
As for the memecoin Pepe ($PEPE), Bluntz says that the altcoin is likely en route to $0.00003.
“Don’t fade the magic $PEPE squiggles.”
At time of writing, $PEPE is worth $0.0000214.
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