A crypto veteran who earned the “Master Trader” rank at digital asset exchange Bybit is charting a bullish path forward for top memecoin Dogecoin (DOGE).
Pseudonymous analyst Bluntz tells his 285,600 followers on social media platform X that DOGE looks strong across all time frames.
The trader shares a chart indicating that DOGE has cleared a diagonal resistance that has lasted for about six months.
“It seems like DOGE is currently sucking liquidity out of the entire meme ecosystem.
Nothing seems as bullish to me as DOGE on all timeframes.
DOGE did this in all seasons, where it ran fast and nothing else moved.
Definitely a deja vu moment.”
The trader shares another chart that suggests DOGE could clear its resistance around $0.228.
“DOGE.”
At the time of writing, DOGE is trading at $0.144.
Bluntz is also bullish on fellow memecoin Floki (FLOKI). According to the analyst, FLOKI needs to clear its immediate resistance at $0.00018 to take rallies to record highs.
“Macro ABC on FLOKI seems ready with a three-month accumulation break getting closer every day. Once this gives way, I believe we will be at new all-time highs quite quickly.
I added some to the long-term non-trading bags today.”
Bluntz applies 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 new all-time highs of $0.0005.
At the time of writing, FLOKI is worth $0.000158.
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Generated image: Midjourney