Crypto analyst Bluntz capital has predicted that the Dogecoin price could soon witness a ‘violent’ move of 60% against Bitcoin. The analyst further revealed what needs to happen for this parabolic rally to happen.
Dogecoin price registers 60% move against Bitcoin
In one X messageBluntz Capital shared an accompanying chart showing that the Dogecoin price could post a 60% move against Bitcoin. He stated that this “violent” upward move will happen once Dogecoin breaks through this three-week mark accumulation trend. The crypto analyst is confident that this move will eventually happen, as he has reiterated it several times.
The expected 60% rally against Bitcoin would bring the Dogecoin price close to the current price all-time high (ATH) from $0.73. It would also put the main meme 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 YTD gain of 135%.
Crypto analysts such as Master Kenobi and Kevin Capital have predicted that Dogecoin could surpass its ATH in the next phase. A rally above the current ATH would put the $1 target in sight for DOGE. These analysts recently predicted that the next move could start soon as the meme coin has consolidated for about 25 days, much 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 rally to $1 is about to begin. In an X-post, he stated that DOGE’s bigger move to $1 is about to take off. This was an update to an earlier post in which he predicted that the top meme coin could pull another god candle to $1.
The Dogecoin price already attracted high marks between October and November, when it gained more than 200%.
Next week could be huge for DOGE
Crypto analyst KrisPax has suggested that next week could be huge for the Dogecoin price, with a breakout looming. In a recent analysis, he stated that on the 2-hour chart, Dogecoin has a nearly one-month uptrend line, while 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 happen next week, indicating a breakout for the Dogecoin price. KrissPax also recently launched one ascending triangle on Dogecoin’s 2-hour chart, which he said showed DOGE’s prospects are still very bullish. The analyst’s accompanying chart showed that the Dogecoin price could rise to $0.56 on the next rise.
At the time of writing, the Dogecoin price is trading around $0.44, up more than 2% in the past 24 hours, according to facts from CoinMarketCap.
Featured image created with Dall.E, chart from Tradingview.com