Dogecoin Price Primed For ‘Violent’ 60% Move Against Bitcoin If This Happens

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As a seasoned researcher with over a decade of experience in the crypto market, I find the recent predictions for Dogecoin intriguing. While I’ve seen many price predictions come and go, the consensus among several analysts about DOGE‘s potential to surge against Bitcoin is quite compelling.

According to crypto analyst Bluntz Capital, there’s a strong possibility of a dramatic 60% shift in Dogecoin‘s price relative to Bitcoin in the near future. This prediction is based on certain conditions that must be met for this anticipated ‘parabolic’ surge to occur.

Dogecoin Price To Record 60% Move Against Bitcoin

In a recent post on X, Bluntz Capital predicted a potential 60% surge in the price of Dogecoin relative to Bitcoin, based on an accompanying chart. According to him, this significant increase, which he described as ‘dramatic’, will occur once Dogecoin breaks free from its three-week accumulation pattern. The crypto analyst is optimistic that this predicted movement will indeed take place, having expressed similar sentiments multiple times in the past.

If the predicted 60% increase in Bitcoin value occurs, the price of Dogecoin would nearly reach its previous all-time high ($0.73). This surge would also place Dogecoin significantly higher than Bitcoin during this bull market. To date this year, Dogecoin has seen a growth of almost 400%, whereas Bitcoin’s growth for the same period stands at 135%.

As a researcher delving into cryptocurrencies, I’ve been closely following the insights of analysts such as Master Kenobi and Kevin Capital. They posit that Dogecoin could potentially surpass its All-Time High (ATH) in its upcoming surge. If Dogecoin manages to rally above its current ATH, a $1 target for DOGE becomes within sight. These analysts recently suggested that the next bullish phase could commence soon, as Dogecoin has been consolidating for approximately 25 days – mirroring its behavior during the 2021 bull run, which followed the initial stage of its rally.

According to crypto expert Mikybull Crypto, a surge towards $1 for Dogecoin appears imminent. In a recent social media post, he hinted at a significant upward trend approaching for DOGE, echoing an earlier prediction where he suggested that the popular meme coin might produce another impressive price movement leading to $1.

As a proud Dogecoin investor, I’ve witnessed an extraordinary surge during the transition from October to November. This period saw the value of my Dogecoin investments skyrocket by more than double (over 200%).

Next Week Could Be Huge For DOGE

According to crypto expert KrissPax, next week could bring significant changes in Dogecoin’s price, as a breakthrough seems imminent. In his latest analysis, he noted that Dogecoin on the 2-hour chart shows an uptrend support line that has been consistent for nearly a month, while the resistance level has declined over the past fortnight.

According to the crypto expert’s analysis, it seems we might witness a significant event for Dogecoin prices in the upcoming week, potentially marking a breakout. Moreover, KrissPax recently pointed out an ascending triangle pattern on Dogecoin’s 2-hour chart, suggesting that DOGE’s future remains highly optimistic. The analyst’s diagram indicates that the Dogecoin price may surge up to $0.56 in the next bullish phase.

Currently, as I’m typing this, Dogecoin’s value is approximately $0.44 per coin. It has seen an increase of more than 2% in the past 24 hours, based on information provided by CoinMarketCap.

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2024-12-08 05:11