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Home»ALTCOIN NEWS»‘Just Getting Started’ – Analyst Reveals Massive Dogecoin Target, Sees ‘Crazy Bullish’ Chart for Ethereum-Based Coin
ALTCOIN NEWS

‘Just Getting Started’ – Analyst Reveals Massive Dogecoin Target, Sees ‘Crazy Bullish’ Chart for Ethereum-Based Coin

By Crypto FlexsNovember 11, 20242 Mins Read
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‘Just Getting Started’ – Analyst Reveals Massive Dogecoin Target, Sees ‘Crazy Bullish’ Chart for Ethereum-Based Coin
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An analyst known as the “master trader” at cryptocurrency exchange Bybit believes that a wild rally is on the horizon for top memecoin Dogecoin (DOGE).

Pseudonymous analyst Bluntz told his 287,200 followers on social media platform

The bullish structure suggests that DOGE/BTC has hit a big bottom and is ready to start a new uptrend.

“I was trying to warn everyone.

“It’s crazy to think this is still in its infancy.”

Source: Bluntz/X

The bullish DOGE/BTC chart suggests that Dogecoin is positioned to outperform Bitcoin’s gains.

Looking at DOGE against the US dollar, Bluntz believes the altcoin has the fuel to surge more than 260% from current levels.

“I wish someone had played the DOGE drums for a while.

$1 is not the meme you think it is.”

video
Source: Bluntz/X

As of this writing, Dogecoin is trading at $0.277, up more than 27% in the past day.

Bluntz also has his radar fixed on Ethena (ENA), the synthetic dollar protocol for Ethereum (ETH). According to analysts, ENA is experiencing a bullish reversal as it breaks out of an inverted head and shoulders (IHS) pattern.

A breakout of the technical pattern indicates that ENA has fully entered bull territory.

Blunts says:

“ENA is an extremely bullish high-period chart. We see a huge amount of confirmation that the IHS breakout is real. BTC hits an all-time high.

A setup like this feels like you can easily play multiple Xs.”

video
Source: Bluntz/X

As of this writing, ENA is worth $0.55.

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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and you will be responsible for any losses you may suffer. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

Image created: DALLE3

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