Top Analyst Says Dogecoin Parabolic Rally Has Just Started, Places Solana Rival on Altcoin Hotlist
An analyst known as a “Master Trader” on the crypto exchange Bybit thinks that Dogecoin’s (DOGE) correction is over. Pseudonymous analyst Bluntz tells his 299,300 followers on the social media platform X that the top memecoin’s parabolic rally is in its early days. The trader shares a chart suggesting that DOGE could soar above $1 before its five-wave rally is over. “Current DOGE wave four looks done here. [DOGE] has been in an upwards sideways running flat correction for two weeks now and plenty of people have gotten bored and moved on to chase the next shiny thing. In reality, the DOGE parabola has only just started, no profit-taking until $1 minimum in my opinion.” Source: Bluntz/X Bluntz practices the Elliott Wave theory, which states that a bullish asset tends to witness five-wave surges before witnessing an ABC correction. According to the theory, waves one, three and five are upside bursts while waves two and four are...