Prediction of a 130% Increase for Dogecoin

Kaleo, a closely watched cryptocurrency analyst and trader, has announced that he expects a massive parabolic price movement for Dogecoin (DOGE), the biggest memecoin that made its mark in 2021. According to the analyst, DOGE is preparing for a fast and strong breakout.

Prediction of a 130% Increase for Dogecoin

Warning: “Bitcoin Could Re-Test $26,000”

After analyzing Dogecoin, Kaleo also looked at Bitcoin and believes that the largest cryptocurrency is preparing for a sharp and fast downward movement after a prolonged consolidation above $30,000. The analyst warned investors with the following statement:

The longer we stay in the $30,000 range, the less likely it seems to have a sudden rise. I have seen a few tweets about the Department of Justice (DOJ) taking action and seizing some BTC. Therefore, I expect the price to fall back to the 200-day EMA (exponential moving average) and create a buying opportunity. I will take advantage of this buying opportunity by increasing my BTC holdings.

Kaleo’s Bitcoin chart suggests that the largest cryptocurrency will revisit the $26,000 level before returning to its current trading range, providing a buying opportunity.