Crypto Kaleo Predicts Dogecoin Price Surge

Dogecoin Price Surge Predicted by Crypto Kaleo

Cryptocurrency analyst Crypto Kaleo has expressed bullish expectations for Dogecoin (DOGE), predicting an upward parabolic movement for the leading meme coin. His analysis draws insights from historical trends to support his forecast.

Will DOGE Price Rise?

In a recent , Kaleo asserted that Dogecoin is overdue for a significant rally. Referencing the charts for DOGE and GameStop (GME), he noted that GME's surge in early 2021 paved the way for the meme coin era, triggering price increases for DOGE and Shiba Inu (SHIB).

Kaleo highlights the correlation between Dogecoin and GameStop, suggesting that DOGE could experience a similar price rise due to the "DOGE/BTC ratio not yet making the expected move."

Timing of the Rally

Kaleo anticipates that the Dogecoin rally may take a few days or weeks to materialize, as GME has not yet reached its peak. He emphasizes his long-term investment in DOGE and his intention to continue accumulating the asset.

Possible Price Dip

Kaleo acknowledges the possibility of a price dip for DOGE, which he believes could be necessary for the subsequent price surge.

Analysts' DOGE Comments

Other analysts have also made positive comments about Dogecoin. World of Charts recently predicted a potential breakout that could drive DOGE to $0.3, representing a 100% price increase. Crypto analyst Jaydee echoed this sentiment, suggesting a breakout on DOGE's monthly chart.