- Analyst KALEO shared that he is very bullish on PEPE and DOGE in his latest meme coin analysis.
- According to the analyst, PEPE’s market cap may soon climb above $1 billion.
- Meanwhile, DOGE continued to trade above a negative trend line on its daily chart.
The cryptocurrency trader and analyst KALEO shared his latest take on Pepe (PEPE) and Dogecoin (DOGE) in a YouTube video uploaded yesterday. In the analysis, he highlighted that both meme coins broke out of bearish trend lines on their daily charts. Subsequently, the analyst is very bullish on both DOGE and PEPE for this week.
Since the analysis was uploaded, DOGE’s price had broken back below the negative trend line that had formed on its daily chart. Nevertheless, KALEO speculated that it will be a good idea to accumulate DOGE as long as its price remains above $0.07. Furthermore, technical indicators suggested that momentum was still in favor of bulls at press time.
The 9-day EMA line was positioned above the 20-day EMA line, and both of these technical indicators were positioned above the 50-day EMA line as well. This indicated that short-term and …
The post DOGE, PEPE Set for Big Price Breakouts This Week: Analyst appeared first on Coin Edition.
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