A crypto veteran who achieved the rank of “Master Trader” on digital asset exchange Bybit is charting a bullish path for top memecoin Dogecoin (DOGE).
Pseudonymous analyst Bluntz tells his 285,600 followers on social media platform X that DOGE looks strong across the board.
The trader shares a chart suggesting that DOGE has cleared diagonal resistance that had persisted for around six months.
“It seems to me that DOGE is currently sucking liquidity out of the entire meme ecosystem.
Nothing seems as bullish to me as DOGE across all time frames.
DOGE had a habit of doing this in all past seasons, where it was running strong and nothing else was moving.
It’s definitely a déjà vu moment.
The trader shares another chart suggesting that DOGE could break through its resistance at 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 trigger rallies towards all-time highs.
“The ABC macro on FLOKI appears to be over with a three month accumulation pause getting closer every day, once it gives way we will hit new all time highs pretty quickly in my opinion.
I added some to the long term non-commercial bags today.
Bluntz practices Elliott Wave Theory, which states that a bullish asset often experiences a new uptrend after making an ABC correction. Looking at the trader’s chart, he seems to predict that FLOKI will hit new highs of $0.0005.
At the time of writing, FLOKI is worth $0.000158.
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