Renowned crypto analyst Kaleo has recently offered insights into the future trajectories of two prominent meme-inspired cryptocurrencies, Pepe (PEPE) and Dogecoin (DOGE).
PEPE Price to Spike in Coming Days
However, concerns loom over how PEPE might react to an ensuing cooling phase following significant gains. While some anticipate a bull rally by mid-September, skeptics remain wary of the prediction of a 30x increase.
As #Bitcoin's price performance remains flat at $29.6K, #memecoins like $PEPE (+17%, 7d) and a few other outliers are have enjoyed market cap rises. But as this distribution market cycle continues, there is a theme of #crypto assets outside the top 20 that are declining. pic.twitter.com/th0AAypo5t— Santiment (@santimentfeed) August 13, 2023
While he is manifesting that PEPE’s price trajectory proposes a brief downward movement before a potential surge, possibly involving a retest of high-timeframe diagonal resistance as a form of support. His chart indicates a possible dip to around $0.0000011 before a subsequent rise to approximately $0.0000019.
DOGE Price Outlook
As the crypto market continues its dynamic evolution, Kaleo’s insights provide valuable perspectives on potential trends for these meme-inspired digital assets. It’s crucial to remember that such forecasts are speculative and should be cautiously approached.
In a related context, social engagement around Dogecoin (DOGE) has notably increased, with 64.66 million social engagements registered today, marking a substantial rise of 73.43%. This surge in social interactions indicates heightened community activity and interest in DOGE’s developments.
Keeping an eye on $DOGE.— LunarCrush (@LunarCrush) August 12, 2023
Social engagements are coming in at 64.66 million (+73.43%) today. What does that mean? It means the community is really active in $DOGE social posts.https://t.co/cfvWAEpPWu pic.twitter.com/Mewyl2nZ8B
So what are you manifesting in the meme season? While Pepe is showing positive indicators, Doge is also keeping the community alive with the potential to beat Bitcoin. Overall it will be interesting to see who goes ahead in the meme rally.