Dogecoin (CRYPTO: DOGE) is catching the eye of cryptocurrency analysts who suggest the meme coin may be gearing up for a price surge.
What Happened: Bluntz Capital, a pseudonymous Crypto analyst, in a tweet on X said, “ finally looks ready to rip higher again,” referencing a price pattern on both the USD and Bitcoin trading pairs that indicate a potential upswing following a steady decline since February.
Bluntz Capital’s analysis is based on observed price patterns when Dogecoin is traded against the United States dollar and Bitcoin (CRYPTO: BTC). According to these patterns, after a period of downward movement or decline in value since February, there are indications that the coin is set to reverse its trend and begin an upward trajectory.