{"id":97467,"date":"2025-02-19T13:22:58","date_gmt":"2025-02-19T13:22:58","guid":{"rendered":"https:\/\/peraltafinancing.com\/altcoin\/trader-predicts-dogecoin-breakout-rally-warns-bulls-to-be-hyperliquidated-by-layer-1-altcoin\/"},"modified":"2025-02-19T13:22:58","modified_gmt":"2025-02-19T13:22:58","slug":"trader-predicts-dogecoin-breakout-rally-warns-bulls-to-be-hyperliquidated-by-layer-1-altcoin","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=97467","title":{"rendered":"Trader Predicts Dogecoin Breakout Rally, Warns Bulls To Be \u2018Hyperliquidated\u2019 by Layer-1 Altcoin"},"content":{"rendered":"


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A crypto strategist known for making timely altcoin calls believes that the top meme token Dogecoin (DOGE<\/a>) is gearing up for a breakout surge.<\/p>\n

Pseudonymous analyst Bluntz tells<\/a> his 316,700 followers on the social media platform X that DOGE appears to be carving a local bottom en route for a bullish reversal.<\/p>\n

The trader shares a chart suggesting that DOGE seems to be printing an Adam and Eve pattern while flashing a completed ABC corrective move.<\/p>\n

\u201cDOGE looking pretty solid here in my opinion after consolidating for two weeks after that capitulation event.<\/em><\/p>\n

If there\u2019s one saying that\u2019s always stuck with me, it\u2019s never short a dull market.\u201d\u00a0<\/em><\/p>\n

\"Image\"
Source: Bluntz\/X<\/figcaption><\/figure>\n

Bluntz practices the Elliott Wave theory, which states that an asset tends to witness a five-wave rally after concluding an ABC-wave correction. Meanwhile, an Adam and Eve pattern suggests that an asset is bottoming out as bulls build a price floor in preparation for a leg up.<\/p>\n

Based on the trader\u2019s chart, he seems to suggest that DOGE will rally to $0.34. At time of writing, Dogecoin is trading for $0.251.<\/p>\n

Turning to layer-1 protocol Hyperliquid (HYPE<\/a>), Bluntz predicts<\/a> that crypto bulls with positions in the altcoin are about to see a deep drawdown.<\/p>\n

\u201cWho\u2019s ready to get hyper-liquidated?\u201d<\/em><\/p>\n

\"Image\"
Source: Bluntz\/X<\/figcaption><\/figure>\n

Based on the trader\u2019s chart, he seems to predict that HYPE will crush its diagonal support and fall below $20. At time of writing, HYPE is trading for $24.14, down over 5% on the day.<\/p>\n

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Generated Image: Midjourney<\/em><\/span><\/p>\n<\/p><\/div>\n