A much-followed crypto analyst is predicting a double-digit rally for the popular meme asset Dogecoin (DOGE), as he updates his view on the top crypto assets by market cap.
The pseudonymous trader Kaleo tells are 593,000 Twitter followers that DOGE is “finally in the monkey zone” and that collecting the memecoin under $0.08 is a good move.
“Starting to stack Dogecoin on the dip / anywhere below $0.08 is a solid play.”
According to Kaleo’s charts, he envisions the Shiba Inu (SHIB) rival bouncing up to the $0.09 price point sometime before Aug. 14, representing a spike of about 20% from DOGE’s current price of $ 0.074.
Onward to Bitcoin (BTC), Kaleo indicates that he believes it will gain momentum as the King Crypto’s latest dip could be “all we can get”.
According to his charts, Bitcoin will rise steadily and reach the $32,500 price level sometime around late October or early November.
“That may be the only dip we get. I hope you stacked anon.
Bitcoin is trading at $29,265 at the time of writing, a fractional drop over the past 24 hours.
Then the strategist shifts his focus on the BTC/DOGE pair, measuring the cycles, and concluded that an increase beyond the 200-250 day range is likely, but not guaranteed.
“Each range of dates was measured from the peak of one pump to the start of the next. The conclusion I draw from this is that while there’s no guarantee that a move will occur after the 200-250 day period (there are a few exceptions), it’s been quite a gamble in the past.
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