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.

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*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.*