Master trader Bluntz, known for his expertise on the Bybit crypto exchange, has made a bold statement: Dogecoin (DOGE) is just getting started. Addressing his 287,200 followers on X, Bluntz suggested that DOGE is gaining momentum against Bitcoin (BTC), indicating a potential major rally.
"I tried to warn you all," he stated, noting how “crazy” it feels that the DOGE rally is only beginning. Bluntz believes that a significant bottom has formed in the DOGE/BTC pairing and predicts that DOGE could surge by up to 260%.
Sharing his technical analysis on X, Bluntz outlined that DOGE would need to increase by roughly 600% to hit his $1 price target. At the time of his analysis, DOGE was priced at $0.277, and by the time of reporting, it had risen slightly to $0.2913.
Bluntz also pointed out that large-scale investors, or "whales," have yet to make substantial purchases of DOGE. However, he believes that interest in the asset is poised to grow as risk appetite increases.
Meanwhile, Elon Musk’s frequent discussions of DOGE during the recent U.S. election cycle have fueled further interest, making it a favorite alongside Bitcoin. Following Trump’s election as the 47th U.S. president, Bitcoin spiked to $82,000, raising questions about whether DOGE could also hit Bluntz’s $1 target.
