Analyst Bluntz Capital has made an intriguing forecast regarding Dogecoin’s price, suggesting it may soon experience a dramatic shift of 60% against Bitcoin. He outlined the necessary conditions for this significant rise to occur.
Dogecoin Expected to Surge 60% Against Bitcoin
In a recent post on X, Bluntz Capital presented a chart indicating that Dogecoin could see a 60% increase in relation to Bitcoin. He emphasized that this substantial upward movement will take place once Dogecoin breaks free from its three-week accumulation phase. The analyst is optimistic about this outcome, having reiterated his position multiple times.
If this projected 60% increase occurs, it would push Dogecoin’s price closer to its previous all-time high (ATH) of $0.73. It would place this leading meme cryptocurrency ahead of Bitcoin during this bullish phase. Currently, Dogecoin has experienced nearly 400% growth year-to-date (YTD), while Bitcoin has seen a YTD increase of 135%.
Analysts such as Master Kenobi and Kevin Capital have also anticipated that Dogecoin may exceed its ATH in the next upward movement, aiming for the $1 mark. They noted that after approximately 25 days of consolidation, a similar pattern led to further gains during the 2021 bull run.
Mikybull Crypto, another analyst, echoed this sentiment, stating in a recent X post that the journey towards $1 for Dogecoin is on the verge of starting. He updated an earlier prediction forecasting that the meme coin could experience another significant surge towards $1.
Previously, Dogecoin saw a substantial surge between October and November, posting gains exceeding 200%.
Upcoming Week Promises Potential for DOGE
Analyst KrissPax indicated that the coming week could be significant for Dogecoin, hinting at an imminent breakout. In his latest analysis, he highlighted that a nearly month-long upward support line can be observed on the 2-hour chart, while the resistance line has been decreasing over the last two weeks.
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Based on this information, KrissPax expressed that a pivotal moment seems to be approaching for Dogecoin, suggesting a potential breakout is likely. He also pointed out an ascending triangle pattern on the 2-hour chart, which indicates a bullish outlook for DOGE. According to his analysis, Dogecoin’s price could rise to $0.56 in the next phase.
Currently, Dogecoin is trading around $0.44, reflecting an increase of over 2% in the past 24 hours, as reported by CoinMarketCap.
