🔥🔥🔥 Top #trader Says #Dogecoin ($DOGE ) Flashing #bullish Signal, Updates Outlook on AI-Related #altcoin
An analyst known as Bluntz, who accurately predicted the end of Bitcoin’s 2018 bear market, now suggests that a momentum indicator is signaling bullish prospects for the leading meme cryptocurrency Dogecoin (DOGE).
Bluntz, sharing insights with his 242,300 followers on the social media platform X, points out that the Dogecoin versus Bitcoin pair (DOGE/BTC) is displaying a robust bullish reversal signal on the weekly chart.
“Despite my initial hesitation with DOGE due to lower expectations compared to other assets, the DOGE/BTC weekly chart is showing significant bullish divergence.
Perhaps it's time to consider adding DOGE to the portfolio after all.”
Bullish divergence typically indicates that buyers are gaining strength even as the price trend remains sideways or downward.
As of the latest update, DOGE/BTC is trading at 0.0000023 BTC ($0.14).
In addition to Dogecoin, Bluntz is closely monitoring Filecoin (FIL), the native asset of the decentralized storage network.
According to Bluntz, FIL is still in the early stages of its development, trading within a multi-year accumulation range.
“We're seeing some positive momentum on FIL once again, as evidenced by the impressive weekly candle.
Despite its recent gains, FIL remains in a significant accumulation phase, indicating that it’s still early days for this asset.”
At present, FIL is valued at $9.05, marking an increase of over 9% in the past week.
Source - dailyhodl.com
