Crypto Analyst Predicts Steep Rally for Dogecoin, Calls DOGE Chart ‘Beautiful,’ – Here Are His Targets
A widely followed crypto strategist thinks that top memecoin Dogecoin (DOGE) is gearing up for a steep move to the upside.
Pseudonymous analyst Kaleo tells his 601,600 followers on the social media platform X that DOGE will eventually follow in the footsteps of altcoins that have printed strong gains over the last few days.
According to the analyst, DOGE may consolidate in the short term before blasting off.
“Honestly though – look at how beautiful the USD chart is.
The way alts are starting to pop off, I find it hard to believe Dogecoin doesn’t see a squeeze out of its current range…
Not too much of a change from last night for Dogecoin. I’m prepared for a boring next few days before we really send if that’s what it takes.”
Looking at the trader’s chart, he seems to predict that DOGE will rally above $0.083 by November 13th, representing gains of over 12% from current prices in less than a week.
Kaleo says that his bullish stance on Dogecoin is supported by the price action of the Dogecoin versus Bitcoin (DOGE/BTC) chart. According to Kaleo, DOGE/BTC is now trading above a year-long diagonal resistance.
“DOGE/BTC pair has broken out.”
Based on the trader’s chart, he seems to predict that DOGE/BTC will soar to as high as 0.00000550 BTC ($0.19). At time of writing, the pair is trading for 0.00000209 BTC worth about $0.074.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
The post Crypto Analyst Predicts Steep Rally for Dogecoin, Calls DOGE Chart ‘Beautiful,’ – Here Are His Targets appeared first on The Daily Hodl.
Go to Source
Author: Henry Kanapi
