An analyst known as “Master Trader” on crypto exchange Bybit believes furious rallies are in store for top memecoin Dogecoin (DOGE).
Pseudonymous analyst Bluntz tells his 287,200 followers on social media platform
The bullish structure suggests that DOGE/BTC has printed a major bottom and is about to start a new uptrend.
“I tried to warn you all.
It’s crazy to think that this thing is just getting started.
A bullish DOGE/BTC chart suggests that Dogecoin is able to surpass Bitcoin’s gains.
Looking at DOGE against the US dollar, Bluntz believes that the altcoin has the fuel to skyrocket more than 260% from current levels.
“If only someone had been banging the DOGE drum for a while now.
$1 is not the meme you think.
At the time of writing, Dogecoin is trading at $0.277, up over 27% over the past day.
Bluntz also has his radar locked on Ethena (ENA), a synthetic dollar protocol on Ethereum (ETH). According to the analyst, ENA is in the midst of a bullish reversal after emerging from an Inverted Head and Shoulders (IHS) pattern.
The breakout of the technical pattern suggests that ENA has fully entered bullish territory.
said Bluntz,
“ENA is a crazy bullish chart, we are seeing huge volume confirming that the IHS breakout is real. BTC hits all-time highs.
Setups like this seem like easy plays for many Xs.”
At the time of writing, ENA is worth $0.55.
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