Top crypto analyst Bluntz forecasts major price movements for Dogecoin (DOGE) in the coming market cycle. Through detailed technical analysis shared on X
, the trader maps out potential trajectories for both DOGE/BTC and DOGE/USD pairs, citing specific mathematical indicators and market patterns.
What you'll learn 👉
Breaking Down the Technical Framework
The DOGE/BTC pair has completed a substantial market correction spanning from 2021 to 2024. This correction phase followed Elliott Wave principles, pulling back 90% from previous highs.
Chart analysis reveals a clean break above the descending trendline, backed by strengthening volume indicators.
Trade data points to sustained buying pressure across key price levels. The asset’s technical indicators, including an RSI reading of 75.18, suggest strong upward momentum. Market participants have demonstrated increased interest through rising volume profiles.
Mathematical Projections and Price Correlations
Bluntz employs Fibonacci extension analysis to derive price targets for the DOGE/BTC trading pair. The calculations point to a target of 0.00002100, translating to a 373% upward move from current levels. This projection takes into account broader market conditions and Bitcoin’s own price dynamics.
The analyst factors in Bitcoin’s potential movement toward $140,000, which adds another layer to the DOGE price equation. The combined mathematical outlook suggests a 420% total gain potential for DOGE when measured in USD terms.
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Market Structure and Volume Dynamics
Trading patterns show DOGE price breaking free from a long-term consolidation range at $0.42, marking a 160% increase. Volume analysis confirms buyer conviction through consistent upticks during price advances. The previous peak of $0.74 stands as a key reference point on the path to higher targets.
Chart formations display an evolving market structure with established support zones. These price levels create a foundation for potential future movements. Volume metrics indicate steady market engagement, with clear signs of institutional and retail participation at current valuations.
The technical confluence aligns with broader market movements, suggesting a shift in trading dynamics for the popular digital asset. Support levels appear well-defined, offering stability markers for traders navigating the current market phase.
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