Bluntz, who is described as a âMaster Traderâ on the crypto exchange Bybit, stated that the Dogecoin ($DOGE ) rise will only just begin.
Addressing his 287,200 followers, analyst Bluntz claimed that the #DOGE price will continue to gain strength against BTC and that this momentum will result in a major rally.
âI tried to warn you all,â Bluntz said, continuing his words as follows;
âThis thing (DOGE rally) is crazy to take new steps.â
The analyst predicted that a major bottom level has formed in the DOGE/BTC parity and that DOGE could rise by 260 percent.
âDogecoin (DOGE) will start its rallyâ
Bybitâs âlegendaryâ trader Bluntz shared a chart analysis for Dogecoin (DOGE) on X.
The analyst noted the following sentences;
â$1 is not as ironic as you thinkâ
DOGE needs to rise by nearly 600 percent for the analyst's $1 target to be realized.
When Bluntz shared his analysis, the DOGE price was at $0.277. The popular memecoin is trading at $0.2913 as of the time the news was written.
The analyst claimed that big budgets are demanding to buy a memecoin and will first turn to DOGE. Stating that big budgets have not made a purchase yet, Bluntz stated that risk appetite is about to increase.
Elon Musk, a supporter of Donald Trump in the US presidential elections, spoke about the election process throughout DOGE. Musk, who responded positively to detailed information about DOGE at the rallies he attended, made DOGE the second favorite of Trump's bull.
After Trump was seen as the 47th president of the USA, the Bitcoin price reached $82,000. All eyes are on whether DOGE, another favorite cryptocurrency, can reach the level of 1.
