Crypto analyst Bluntz Capital predicted that the price of Dogecoin could soon see a “violent” 60% move against Bitcoin. The analyst further revealed what needs to happen for this parabolic rally to occur.
The price of Dogecoin will record an evolution of 60% compared to Bitcoin
In a MessageBluntz Capital shared an accompanying chart showing that the price of Dogecoin could see a 60% move against Bitcoin. He said that this “violent” bullish move will happen once Dogecoin breaks these three weeks. tendency to accumulate. The crypto analyst is confident that this move will eventually happen, as he has repeatedly said.
The predicted 60% rally against Bitcoin would bring the price of Dogecoin closer to its current level. absolute record (ATH) of $0.73. This would also put the top coin well above the flagship crypto in this bull run. Dogecoin currently has a year-to-date (YTD) gain of almost 400%, while Bitcoin has a year-to-date gain of 135%.
Crypto analysts like Master Kenobi and Kevin Capital have predicted that Dogecoin could surpass its ATH in its next milestone. A rally above its current ATH would be the $1 target in sight for DOGE. These analysts recently predicted that the next leg could begin soon as the meme coin consolidated for around 25 days, just like it did during the 2021 bull run after the first phase of its bull rally.
Crypto analyst Mikybull Crypto also confirmed that the Dogecoin price rise to $1 is about to begin. In an article This was an update to a previous article in which he predicted that the first coin could pull another divine candle to $1.
Dogecoin price already pulled a good candle between October and November, when it recorded a gain of over 200%.
Next week could be huge for DOGE
Crypto analyst KrissPax suggested that next week could be huge for Dogecoin price, with a breakout imminent. In a recent analysis, he said that Dogecoin on the 2-hour chart had an uptrending support line for almost a month, while resistance was on a downtrend for the past two weeks. .
On a related note, the crypto analyst said that it looks like something is going to give next week, hinting at a Dogecoin price breakout. KrissPax also recently highlighted a ascending triangle on Dogecoin’s 2-hour chart, which he said showed that DOGE’s outlook is still very bullish. The analyst’s attached chart shows that Dogecoin price could rally back to $0.56 in the next rally.
At the time of writing, Dogecoin price is trading at around $0.44, up more than 2% in the last 24 hours, according to data from CoinMarketCap.
Featured image created with Dall.E, chart from Tradingview.com