Trader Says Rapid, Vertical Growth Could Be Coming to Dogecoin (DOGE) Amid ‘Meme Super Cycle’

A highly respected crypto analyst has predicted a sudden surge in the value of Dogecoin (DOGE), alongside impressive gains in other memecoins.

Analyst Kaleo, with a sizeable following of over 641,400 on social media platform X, anticipates a surge of over 220% for DOGE against Bitcoin (DOGE/BTC).

"Dogecoin tends to move sideways for extended periods, followed by rapid vertical growth. Despite my bullish stance on Bitcoin, I'm highly confident DOGE will surpass it. We're in a meme super cycle, and the king of memes won't be left behind."

Kaleo's four-hour chart suggests a potential rally for DOGE to reach 0.000008 BTC, equivalent to $0.55. At the time of writing, DOGE is trading at $0.159.

Furthermore, the analyst predicts a bullish reversal for Coq Inu (COQ), a memecoin on the Avalanche (AVAX) network. He anticipates that COQ will experience significant gains against Wrapped AVAX (COQ/WAVAX).

"AVAX's turn for a meme run. I believe COQ has bottomed out. It's a billion-dollar meme with a market cap of $200 million. Send it with haste."

Kaleo's chart suggests that COQ/WAVAX may soon surpass its diagonal resistance. At the time of writing, COQ stands at $0.000003.

Lastly, the analyst predicts a rise in Bitcoin's value to reach six figures, representing a gain of over 44% from its current level.

"Bitcoin: it's time for round two. $100,000 is a magnet."

Bitcoin is currently trading at $69,130, having gained over 2% in the past 24 hours.

Source: https://thebittimes.com/trader-says-rapid-vertical-growth-could-be-coming-to-dogecoin-doge-amid-meme-super-cycle-tbt91371.html