Cryptocurrency trader Bluntz, Dogecoin 
$0.382761 He shared a striking price prediction for (DOGE). According to its analysis based on Elliott Wave Theory, DOGE may start a new uptrend. According to Bluntz, the popular meme coin could rise to $0.85. DOGE is trading at $0.372 at the time of writing. This level is 49% below DOGE’s all-time high price of $0.731.
$0.85 Target with Elliott Wave Theory
In his statement on social media platform X, Bluntz said that DOGE has formed strong support at approximately $0.339. He stated that he expects a new upward movement from here. Applying Elliott Wave Theory, Bluntz emphasized that the $0.85 target could mark the top of a five-wave uptrend.
“Once the new DOGE rally begins, it will likely begin to drain liquidity from small-cap coins,” Bluntz said. He stated that DOGE has a calm chart this week, but activity may increase towards the weekend. The famous trader remained optimistic by saying, “This week will be DOGE week.”
According to the analysis, DOGE’s parabolic rise could be the ideal scenario. He added that this requires a slow but steady price increase.
Uncertainty and Opportunities for DOGE Investors
The future of DOGE is a matter of great curiosity among investors. However, high volatility in the crypto market increases uncertainties. Bluntz’s prediction encourages DOGE investors but also reminds them to consider risks.
It will become clear in the coming days whether DOGE will reach the $0.85 target. In this process, technical analysis, market psychology and investor behavior will be decisive.
Bluntz’s DOGE prediction shows that fluctuations in the crypto market present not only opportunities but also risks. Therefore, it is important for investors to be careful.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
