The cryptocurrency landscape is abuzz with anticipation as Dogecoin, the beloved meme coin, appears poised for a major breakout. Crypto analyst Bluntz, known for his strategic altcoin predictions, has ignited excitement among his 316,700 followers on X (formerly Twitter) with his bullish forecast for DOGE. Utilizing Elliott Wave theory and an Adam and Eve bottoming pattern, Bluntz suggests that Dogecoin could potentially surge to $0.34, a significant rise from its current trading value of $0.251.

Dogecoin’s potential breakout is attributed to a consolidation phase following a sharp downturn, described by Bluntz as a capitulation event. The analyst’s adept application of Elliott Wave principles further strengthens his prediction of a bullish reversal.

While Dogecoin enthusiasts prepare for a potential windfall, Bluntz sounds a note of caution for those invested in the layer-1 protocol Hyperliquid (HYPE). The popular trader predicts a steep decline for this altcoin, indicating that it may breach its diagonal support and drop below $20, considerably lower than its current price of $24.14.

Crypto investors should take note of these divergent paths for DOGE and HYPE, as opportunities and risks abound in the ever-volatile digital asset market. As always, it remains crucial for traders to perform their due diligence to navigate these fluctuating waters wisely.

Don’t miss out on the pulse of the crypto market! Stay informed with timely alerts by subscribing to our updates and following us on social media. Engage with us to ensure you’re on top of every twist and turn in this exciting journey.

*Disclaimer: This article is intended for informational purposes only and should not be taken as investment advice. Conduct your own research and consult with financial experts before making any investment decisions.*

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