Expert Cryptocurrency Analyst Foresees an Impressive Surge in Dogecoin (DOGE) with an Upcoming Breakout Rally

Dogecoin (DOGE) Predicted to Witness a Phenomenal Surge, According to Influential Crypto Analyst

In an exciting development, a highly respected crypto analyst, Kaleo, has shared his anticipation of an extraordinary breakout rally for Dogecoin (DOGE), the renowned memecoin. Kaleo, who boasts a substantial following of 593,600 Twitter users, believes that DOGE is on the verge of experiencing a parabolic surge, surpassing its bear market resistance.

Highlighting a key aspect of his prediction, Kaleo suggests that Dogecoin could reach levels last seen in November 2022, which marked the conclusion of the previous crypto bull market. With great enthusiasm, he declares, “DOGE breaking out vs. USD as well as BTC.”

Examining Kaleo’s detailed chart, it becomes evident that the analyst envisions a sharp rise for Dogecoin above the $0.16 mark, potentially leading to a remarkable surge of over 130% from its current value of $0.069. Additionally, Kaleo points out that the DOGE/BTC pair has successfully breached its long-term diagonal resistance, exclaiming, “YOOOO IT HAS BEGUN.”

As of now, the DOGE/BTC pair is trading at 0.00000231 BTC ($0.070). Turning his attention to Bitcoin, Kaleo indicates that BTC’s prolonged consolidation above $30,000 suggests an imminent substantial downward movement for the leading cryptocurrency.

He also mentions the possibility of the U.S. Department of Justice (DOJ) seizing BTC during this period, expressing his interest in accumulating more BTC at the dip towards the 200-day exponential moving average (EMA) on the daily chart. Kaleo predicts that Bitcoin may revisit the $26,000 level before reclaiming its current trading range.

Read Also: Top Economist at S&P Global Predicts Decline of US Dollar as Global Reserve Currency

Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.