A closely watched crypto analyst predicts that Dogecoin (DOGE) will suddenly go parabolic as other memecoins post huge gains.
Pseudonymous trader Kaleo tells According to its 641,400 followers on social media platform X, DOGE could rise more than 220% from its current value against Bitcoin (DOGE/BTC).
“The secret of Dogecoin is that it moves sideways for extended periods of time, followed by rapid, vertical growth. As optimistic as I am about Bitcoin, I have an insanely strong belief that DOGE will surpass it. We’re in a meme super cycle. The king of memes will not be left behind.”
Looking at his four-hour chart, the trader suggests that DOGE will rise to 0.000008 BTC worth $0.55. At the time of writing, DOGE is trading at $0.159.
Then the trader say that Coq Inu (COQ), a memecoin running on the Avalanche (AVAX) network, is about to confirm a bullish reversal and post huge gains against Wrapped AVAX (COQ/WAVAX).
“Okay, guys, I think it’s AVAX’s turn to get back to the memes. This is a bottom here on COQ. This is a $1 billion+ meme with a $200 million market cap. Send it urgently.”
Looking at the trader’s chart, he suggests that COQ/WAVAX could quickly rise past its diagonal resistance. At the time of writing, the COQ is worth $0.000003.
Finally, the trader predicts Bitcoin will soon reach six figures, a gain of over 44% from its current value.
“Bitcoin: It’s time for round two. $100,000 is a magnet.”
Bitcoin is trading at $69,130 at the time of writing, up more than 2% in the past 24 hours.
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Generated image: Midjourney