"Analyst Predicts Bullish October for Dogecoin, Forecasts Potential Rise Above $0.20"

An analyst known as a “Master Trader” on the crypto exchange Bybit believes October will be a bullish month for Dogecoin (DOGE).

Pseudonymous analyst Bluntz shares his thoughts with 276,900 followers on X. He thinks the top memecoin DOGE is starting a five-wave rally.

Bluntz uses Elliott Wave theory. This is a method that predicts price movements based on crowd psychology. It shows that a bullish asset often goes through five waves before a pullback occurs.

He says, “DOGE looks turbo bullish here. It probably won’t play out exactly like this, but there are many waves left to go before this impulse structure looks anywhere near complete. I don’t necessarily think DOGE will outperform all the popular memes, but DOGE looking turbo bullish is exactly what you want to see, and it certainly does.”

Looking at his chart, Bluntz suggests DOGE could rise above $0.20 in October. Right now, DOGE is trading at $0.122.

Shifting to another memecoin, Bonk (BONK), Bluntz believes its recent correction puts it in a good spot for upcoming rallies.

He states, “Perfect ABC pullbacks here on all the strong memes. I added BONK here. If you’ve been wanting to get in, this is the spot right now, in my opinion—not financial advice, just saying.”

According to his chart, he predicts BONK will move above $0.00032 before finishing its five-wave surge on the four-hour chart. Currently, BONK is valued at $0.000023.