Top trader reveals ‘real’ price target for Dogecoin, says DOGE now in ‘Monster Uptrend’

A dealer identified for his well timed altcoin calls reveals his actual bull market value goal for memecoin Dogecoin (DOGE).

Pseudonymous analyst Bluntz tells his 300,100 followers on the social media platform X that he believes DOGE will go a lot greater than most individuals count on.

The analyst seems to be at Dogecoin vs. Bitcoin (DOGE/BTC) to foretell the memecoin’s potential bull market prime.

“DOGE/BTC is now in a monstrous uptrend from a cycle perspective, it has gone via a cycle ABC that lasted from 2021-2024 and dropped 90%.

I’d count on DOGE/BTC to achieve an all-time excessive this cycle and a easy extension of 1.618, measured in opposition to the earlier cycle, is usually and easy measurement.

That brings us to 0.00002 BTC, which is 373% greater.”

The analyst applies Elliott Wave principle, which states that an asset tends to proceed its uptrend after finishing a three-part ‘ABC’ correction.

Though Bluntz thinks DOGE/BTC will rise to 0.00002 BTC, he emphasizes that DOGE’s US greenback worth is more likely to explode greater as he’s additionally bullish on Bitcoin. He notes that Bitcoin will doubtless see costs above $100,000 this cycle, suggesting that 0.00002 BTC could have a a lot greater greenback worth.

“I additionally suppose BTC shall be round $140,000 or possibly greater by the point this cycle ends.

So let’s slap one other 45% on prime of that 373%, which provides us about 420% (for tradition) over present ranges. Math might be flawed, nevertheless it does not matter in case you perceive the image.

$1 is easy and funky to say, however the actual aim is $2.20.”

On the time of writing, Dogecoin is buying and selling at $0.445.

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Generated picture: Midjourney