Elon Musk, the owner of Twitter, is known for his support for Dogecoin. In this context, DOGE support has been expected since it took Twitter.
This support came in the past days and the DOGE price has experienced a big rise.
Evaluating the rise in Dogecoin, the analyst using the nickname Kaleo said that DOGE will rise more.
Stating that DOGE is preparing for an uptrend, the analyst stated that along with Dogecoin, Shiba Inu (SHIB) is also ready to rise.
Stating that DOGE is very close to breaking the resistance at $0.10, Kaleo said that when this resistance is broken, the target in DOGE is $0.25.
Gonna be a lot of disbelief on the timeline when the next leg of the squeeze initiates
— K A L E O (@CryptoKaleo) April 4, 2023
“When DOGE breaks above the HTF downtrend here, $0.10 resistance, I think $0.25 is the next reasonable target.
I still think Dogecoin is the better option, but SHIB also looks ready to rally with DOGE to get one step further from here."
At this point, Kaleo said that a break in Shiba Inu could push SHIB to take 50-100% gains.
Still think Dogecoin is the better play, but $SHIB looks ready to rally along side it for another leg up from here pic.twitter.com/ap9ybdnNKs
— K A L E O (@CryptoKaleo) April 4, 2023
*Not investment advice.
