Memecoins' Comeback: Bluntz Predicts Bullish Rallies for DOGE and FLOKI

Crypto Analyst Predicts Memecoins' Comeback, Bullish Rallies for DOGE and FLOKI

In a recent development, a prominent crypto strategist, Bluntz, has shared his bullish outlook on memecoins, predicting a comeback for these digital assets. Bluntz, who holds the "Master Trader" rank on the digital asset exchange Bybit, believes that memecoins are poised for a resurgence, with specific rallies in store for Dogecoin (DOGE) and Floki (FLOKI).

Bluntz identified a bullish divergence signal on the daily chart for Floki (FLOKI), suggesting a potential reversal in the asset's price. This signal indicates that FLOKI could be gaining momentum, even as its price remains relatively low or moves sideways. Bluntz expressed his enthusiasm for the meme token, stating that it could print a bullish divergence signal today or tomorrow.

In addition to FLOKI, Bluntz also shared his analysis of Dogecoin (DOGE). He believes that DOGE has completed an ABC corrective wave against the US dollar and Bitcoin (DOGE/BTC). According to the Elliott Wave theory, which Bluntz relies on, a bullish asset tends to witness a fresh five-wave rally after completing an ABC pullback. Bluntz predicts a potential 200% surge for Dogecoin, suggesting that memecoins may be staging a comeback.

Bluntz also keeps an eye on the TOTAL3 chart, which tracks the market cap of all crypto assets excluding Bitcoin, Ethereum (ETH), and stablecoins. He noted that TOTAL3 appears to have completed an ABC correction and is now poised to ignite rallies to a fresh all-time high of $1.3 trillion. This observation further supports Bluntz's bullish outlook on the crypto market and memecoins in particular.

As the crypto market continues to evolve, investors and traders should stay informed about the latest developments and analysis from industry experts like Bluntz. By keeping a close eye on the market and understanding the underlying trends, investors can make more informed decisions about their portfolios and potentially capitalize on the upcoming rallies in memecoins.