You can also read this news on BH NEWS: Cryptocurrency Analyst Indicates Growth Potential for Dogecoin and Filecoin
Renowned crypto analyst Bluntz, known for accurate market predictions, has recently identified a promising bullish pattern for Dogecoin (DOGE) when compared with Bitcoin (BTC). This pattern, observed in the weekly timeframe, suggests a potential increase in Dogecoin’s market strength. Furthermore, Bluntz has also shared a positive outlook on Filecoin (FIL), another digital asset exhibiting early signs of an upward trend.
Significant Bullish Breakout Observed in DOGE/BTC Pair
In a social media post, the anonymous analyst expressed that the recent activity of Dogecoin, specifically against Bitcoin, has caught his attention due to a substantial bullish breakout on a weekly chart. This development implies that Dogecoin may soon experience a price surge, as the market sentiment shifts in favor of this cryptocurrency. Despite prior skepticism regarding Dogecoin’s performance compared to its peers, Bluntz is now considering investing in DOGE as this robust bullish indicator has surfaced.
Currently, the DOGE/BTC pair stands at 0.0000023, and Dogecoin’s price hovers around $0.14, drawing investor focus to its next moves in the market.
Potential Price Rally for Filecoin Highlighted
The crypto analyst also turned his attention to Filecoin, a decentralized storage network’s token, which is showing signs that point to a potential price rally. Bluntz noted that despite FIL trading within a broad accumulation range, it has recently seen a significant weekly candle, indicating heightened investor interest.
Trading at approximately $9.05, Filecoin has experienced a noteworthy increase of more than 9% over the past week. Bluntz suggests that if FIL were to break out of its current consolidation phase, it might lead to a considerable rise in its market value.
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