Crypto Kaleo Cryptocurrency Analyst It has developed a bullish narrative Dogecoin (DOGE). Based on his analysis, the first meme coin may make a parabolic move to the upside soon enough. Analyst too He pointed to the date To confirm that this gathering will definitely happen.
“It's almost time” to get a good Dogecoin pump
Encryption kaleo Commented with an X (formerly Twitter) mail That it was almost time for Dogecoin to skyrocket, he stated that the first meme was “overdue for a good pump.” Cryptocurrency analyst A DOGE and GME chart While reminding his followers that GameStop “was the one that led the way back in early 2021.” He claimed it was only after that GME topped Which started pumping Dogecoin.
In reality, GameStop short press It is believed that meme season has begun, leading to significant price spikes in Dogecoin and other meme currencies such as Shiba Inu (SHIB). Besides Dogecoin's correlation with GameStop, the analyst suggested that Dogecoin is also due for a pump as “the DOGE/BTC ratio still looks poised to move higher.”
Regarding a possible date for the Dogecoin rally, Kallio stated that investors may have to “wait a few days, maybe a few weeks, for the Dogecoin movement to start” as he does not believe GME has reached the top yet. He also revealed that he was in a good position to make the move because he had a “bag for the ages” and would continue Coin meme collection.
Meanwhile, Kallio noted that a DOGE pullback would not be surprising and may be necessary for the impending pump. He hinted at a Dogecoin pump in 2021 and noted that the meme retested a lower range before eventually breaking out at that time, suggesting a similar move could happen again this time. Kallio is also among cryptoanalysts Who think Dogecoin can rise to $1 in this The bull ran.
DOGE breakout is near
Crypto Analyst Chartist Recently noticed That Dogecoin was on the verge of another hack. According to him, a successful breakout will see the meme coin move 100% as it rises to $0.3. Jade cryptoanalyst I also echoed a similar sentiment, Highlight DOGE monthly chart, which indicates a breakout is imminent. Jaydee claimed That “Dogecoin will change some lives very soon.”
Meanwhile, cryptocurrency analyst Crypto Scient And he expected A bullish reversal for DOGE could lead to a meme mania like the one that occurred in February. According to Kaleo's predictions, this meme-mania may be similar to what happened in 2021, when… Meme coins It enjoyed significant price rises after GameStop shares reached record highs.
At the time of writing, Dogecoin is trading at around $0.15, down more than 3% over the past 24 hours, according to Data From Coin Market Cap.
Chart from Tradingview.com