Cryptocurrency analyst Bluntz Capital predicts that Dogecoin's price may experience a significant 60% volatility compared to Bitcoin. He further explains the triggering conditions for this rapid rebound.
Dogecoin's price has risen 60% against Bitcoin.
Bluntz Capital posted on X, sharing a chart that shows Dogecoin could rise 60% relative to Bitcoin. He states that once Dogecoin breaks through the consolidation trend of the past three weeks, this 'violent' surge will begin. He firmly believes this trend will happen and has mentioned it several times.
Analysts expect that Dogecoin's price against Bitcoin could rise by 60%, bringing Dogecoin's price close to the current all-time high (ATH) of $0.73, and possibly even surpassing mainstream cryptocurrencies in this bull market. So far, Dogecoin's increase this year is nearly 400%, far exceeding Bitcoin's 135%.
Cryptocurrency analysts like Master Kenobi and Kevin Capital believe that Dogecoin may break its all-time high in the next wave of increases, even having a chance to hit the $1 mark. They predict that the rise of Dogecoin may be about to start, especially after this meme coin has consolidated for about 25 days, similar to its behavior at the beginning of the 2021 bull market.
Another analyst, Mikybull Crypto, also supports this view, posting an update on X, stating that Dogecoin's price is about to experience a surge and may once again break through the psychological barrier of $1.
Dogecoin's price has recorded an increase of over 200% between October and November.
This week could be a critical week for DOGE.
Analyst KrissPax states that Dogecoin may see a significant rise next week, breaking through current resistance. He points out that there is an upward trend support line on Dogecoin's 2-hour chart that has been in place for nearly a month, while the resistance line over the past two weeks has been in a downward trend.
In line with this, KrissPax believes there may be some market changes next week, hinting that Dogecoin's price is expected to break through. He also specifically points out the ascending triangle pattern on Dogecoin's 2-hour chart, suggesting that Dogecoin's outlook remains very optimistic. The chart provided by this analyst shows that Dogecoin could rebound to $0.56 in the next round of increases.
According to CoinMarketCap data, at the time of writing, the price of Dogecoin is approximately $0.44, having risen over 2% in the past 24 hours.
