Crypto analyst Bluntz Capital has predicted that the Dogecoin price could soon witness a ‘violent’ 60% move against Bitcoin. The analyst further revealed what needs to happen for this parabolic rally to happen.
Dogecoin Price To Record 60% Move Against Bitcoin
In an X post, Bluntz Capital shared an accompanying chart showing that the Dogecoin price could record a 60% move against Bitcoin. He stated that this ‘violent’ upside move will happen once Dogecoin breaks this three-week accumulation trend. The crypto analyst is confident that this move will eventually happen, as he has restated it several times.
The projected 60% rally against Bitcoin would bring the Dogecoin price close to its current all-time high (ATH) of $0.73. It would also put the foremost meme coin well above the flagship crypto in this bull run. Dogecoin currently boasts a year-to-date (YTD) gain of almost 400%, while Bitcoin has a YTD gain of 135%.
Crypto analysts like Master Kenobi and Kevin Capital have predicted that Dogecoin could surpass its ATH on its next leg up. A rally above its current ATH would be the $1 target in sight for DOGE. These analysts recently predicted that the next leg up could soon begin as the meme coin has consolidated for around 25 days, just like it did in the 2021 bull run after the first phase of its bull rally.
Crypto analyst Mikybull Crypto also confirmed that the Dogecoin price rally to $1 is about to begin. In an X post, he stated that DOGE’s bigger move to $1 is about to kick up. This was an update to an earlier post in which he predicted that the foremost meme coin could pull another god candle to $1.
The Dogecoin price already pulled a god candle between October and November, when it enjoyed a gain of over 200%.
Next Week Could Be Huge For DOGE
Crypto analyst KrissPax has suggested that next week could be huge for the Dogecoin price, with a breakout imminent. In a recent analysis, he stated that Dogecoin on the 2-hour chart has an almost month-long upward trending support line while the resistance has been on a downtrend for the past two weeks.
In line with this, the crypto analyst said that it looks like something will give next week, hinting at a breakout for the Dogecoin price. KrissPax also recently highlighted an ascending triangle on Dogecoin’s 2-hour chart, which he claimed showed that DOGE’s outlook is still very bullish. The analyst’s accompanying chart showed that the Dogecoin price could rally to $0.56 on the next leg up.
At the time of writing, the Dogecoin price is trading at around $0.44, up over 2% in the last 24 hours, according to data from CoinMarketCap.
Featured image created with Dall.E, chart from Tradingview.com
