Dogeceoin (DOGE), the popular meme token that attracted attention with its rise in recent days, increased by 2.2% in the last 24 hours and increased by nearly 10% in the last 7 days.
While investors are now waiting for the DOGE price to explode, good news came from the popular analyst Kaleo.
Sharing on his Twitter account, Kaleo stated that he predicted a potential rise for DOGE and said, “Dogecoin is finally starting to move in the next week or two.” said.
Pointing out that DOGE is currently almost at the same price as the price before the rise in 2021, the analyst said that DOGE moved very quickly when it started to rise.
While this strengthens the possibility that there may be a rapid increase in the value of DOGE, Kaleo stated that the price of DOGE may rise from current levels to somewhere between 0.09 – 0.1 cents and then up to 0.15 dollars.
Stating that DOGE will move very quickly in the rise event, Kaleo stated that DOGE will not exceed $ 0.2 in this rise.
“DOGE usually moves pretty quickly when it starts to move up. I wouldn't be surprised to see a daily price move from there to somewhere in the $0.09 – $0.1 range, go sideways there for a while, then move up again and the price goes up to $0.15.”
Dogecoin's rise will be a rapid one.
Maybe there could be a slight upward movement from $0.15.
But no matter how much I want it to reach $1, I honestly don't think it will exceed $0.2 much in this rise.”
Stating that he achieved the $ 0.2 target by looking at the DOGE / BTC chart, the analyst said that he did not think the real DOGE rally would start until the end of 2024.
DOGE continues to trade at $0.0759 at the time of writing.
Here's my playbook for $DOGE:
Sometime in the next week or two, Dogecoin finally starts to move.
When DOGE starts moving higher, it usually moves pretty fast. I wouldn't be surprised to see a daily from here to somewhere in the 9 – 10 cents range, chop there for a bit, then… pic.twitter.com/BN1AqSe8d2
— K A L E O (@CryptoKaleo) November 9, 2023
*This is not investment advice.
