Top Trader Says Dogecoin Looks ‘Turbo Bullish,’ Predicts Incoming Rallies for Solana-Based Memecoin

An analyst often called a “Grasp Dealer” on the cryptocurrency trade Bybit believes October can be a bullish month for Dogecoin (DOGE).

Pseudonymous analyst Bluntz tells his 276,900 followers on social media platform X that high memecoin DOGE seems to be within the early phases of a five-wave rally.

The dealer applies Elliott Wave concept, a technical evaluation method that makes an attempt to foretell future value motion by monitoring the psychology of the gang, which frequently manifests itself in waves. Based on the speculation, a bullish asset tends to witness a wave of 5 waves earlier than experiencing an “ABC” pullback.

Says Bluntz,

“DOGE appears turbo bullish right here and doubtless will not play out precisely like this, however there are nonetheless, roughly, a LOT of waves to go earlier than this momentum construction appears anyplace close to full.

I do not essentially suppose DOGE is outperforming all the favored memes (my luggage), however DOGE wanting turbo bullish is EXACTLY what you wish to see, and that’s definitely the case.

Wanting on the dealer’s chart, he appears to recommend that DOGE will rise above $0.20 in October. On the time of writing, DOGE is buying and selling at $0.122.

As for fellow memecoin Bonk (BONK), the crypto strategist believes the correction over the weekend has put the Solana (SOL)-based altcoin able to witness rallies within the coming days.

“Excellent ABC takedowns right here on all robust memes, BONK added right here, should you wished to come back in, in my view that is the place right here and now, no monetary recommendation, blah blah.”

Based mostly on the dealer’s chart, he seems to be predicting that BONK will transfer above $0.00032 earlier than ending the five-wave peak on the four-hour chart.

On the time of writing, BONK is price $0.000023.

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