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Meme coins, often at the forefront of peopleâs minds when discussing cryptocurrencies, are known for turning even the smallest rumors into significant events and price movements. The pioneer meme coin, Dogecoin (DOGE), is at the forefront in this regard and has a significant Elon Musk influence. Similar situations can occur with other meme coins. A well-known analyst has announced that significant price movements could occur in DOGE and another meme coin in the coming days. The BTC rally in March also contributed to the meme coins.
What Will Be Dogecoinâs Price in Dollars?
A crypto analyst, who accurately predicted Bitcoinâs (BTC) 2018 price bottom, has stated that Dogecoin (DOGE), the market cap leader among meme coins, is ready for a significant upward movement.
The famous analyst Bluntz, in a post on social media platform X, mentioned that DOGE has completed all the preparations to gain against both the US dollar and Bitcoin.
According to the analyst, DOGE is nearing the completion of a three-wave correction that began in the first week of March and is preparing for a new rise against both USD and BTC pairs.
DOGE finally seems ready to rise again, after the initial push in February, a long ABC decline in USD and BTC pairs for a nice big boom.
The analyst explains that the rising cryptocurrency is trending towards entering a five-wave rally process after a three-wave ABC correction, reinforcing this with the Elliott Wave theory. Based on the graphs shown above, he suggests that Dogecoin could move above $0.24, a more than 50% increase from its current level.
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