Top Analyst Says Dogecoin (DOGE) on Cusp of ‘Major Breakout,’ Updates Outlook on Solana Rival Sui and Popcat
A widely followed analyst and trader is offering his forecast on three crypto assets.
The analyst pseudonymously known as Bluntz tells his 283,900 followers on the social media platform X that Dogecoin (DOGE) is “so close to major breakout” after a brief correction on the two-hour time frame.
Based on the widely followed analyst’s chart, it appears he’s suggesting that Dogecoin has broken out of a descending trend line on the daily time frame and is now attempting to climb above the resistance level at around $0.132.
Dogecoin is trading at $0.122 at time of writing.
Next up is the native token of the layer-one blockchain Sui (SUI). The pseudonymous analyst says that Sui has demonstrated strength this week amid allegations that insiders had disposed of approximately $400 million worth of SUI tokens. Sui Network later denied the allegations.
“…pretty incredible SUI strength in light of all the fear, uncertainty, doubt (FUD) this week.
just taking it on the chin with an all-time high retest.”
Sui is trading at $2.04 at time of writing, around 13% below the all-time high of $2.35 reached on October 13th.
Next up is the feline-themed memecoin Popcat (POPCAT). According to Bluntz, Popcat is looking attractive for a long opportunity.
“POPCAT getting real close to a biddable level, would like to see one more sweep though.”
Based on Bluntz’s chart on the four-hour time frame, it appears the pseudonymous analyst is suggesting that Popcat could surge by at least 30% from the current level to hit a new all-time high of around $1.70.
Popcat is trading at $1.30 at time of writing.
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