Renowned Bybit analyst Bluntz, known as “Master Trader,” has shared his bullish outlook for Dogecoin (DOGE) and a lesser-known Layer-1 protocol, SEI. According to Bluntz, DOGE has completed its correction phase and is entering a parabolic growth trend. Speaking to his 299,300 followers on social media platform X, the analyst predicts DOGE could surpass the $1 mark. Meanwhile, SEI also shows signs of significant upward momentum.
DOGE and Its Five-Wave Rally
Bluntz employs the Elliott Wave Theory to predict DOGE’s price trajectory. This theory outlines a five-wave structure during bullish trends, consisting of three impulsive waves (1, 3, and 5) and two corrective waves (2 and 4). According to Bluntz:
“DOGE’s fourth wave appears to have concluded. The past two weeks of sideways corrections have caused many to lose interest, but I believe DOGE’s parabolic move has only just begun. Personally, I won’t take profits until we see $1.”
Currently trading at $0.388, DOGE may experience a sharp rise in the anticipated fifth wave, according to Bluntz.
SEI: A Rising Star in Layer-1 Protocols
In addition to DOGE, Bluntz is eyeing SEI, a promising Layer-1 blockchain. The analyst highlights SEI’s performance against Bitcoin (SEI/BTC), noting that it has broken through key resistance levels. He states:
“Pay attention to assets that barely dip when Bitcoin drops. When BTC resumes its climb, these assets tend to skyrocket. SEI is one of my top picks.”
Currently priced at $0.685, SEI is poised to ride Bitcoin’s upward momentum, potentially hitting new highs as bullish trends unfold.
Bitcoin on Track for $100K
Bluntz has also shared his analysis on Bitcoin (BTC), predicting the leading cryptocurrency will surpass $100,000. According to his chart, BTC is likely to undergo a brief consolidation phase before breaking higher.
“The correction in BTC seems to have ended here. I expect upward movement from this point, and prices may not dip as low as many anticipate,” Bluntz commented.
With Bitcoin trading near $95,022, Bluntz suggests it is laying the groundwork for its six-figure milestone.
Final Thoughts
Bluntz’s insights into DOGE, SEI, and BTC highlight the dynamic nature of the current crypto market. While the Master Trader remains optimistic about these assets, The Bit Journal emphasizes the importance of conducting thorough research and understanding market risks before investing.
https://twitter.com/Thebitjournal_
https://www.linkedin.com/company/the-bit-journal/
https://t.me/thebitjournal
Folgen Sie uns auf Twitter und LinkedIn und treten Sie unserem Telegram-Kanal bei, um sofort über aktuelle Nachrichten informiert zu werden!
