A popular cryptocurrency trader, known as Kaleo, predicts a significant surge in Dogecoin’s (DOGE) value.
Potential Surge
Kaleo believes DOGE could increase by 700% to 1,500% from its current price of $0.125. He attributes this prediction to the ongoing “meme coin supercycle” and historical patterns.
Timing
According to Kaleo, Dogecoin’s rally could begin in December or February, aligning with previous price movements following Bitcoin halvings.
Potential Dip
However, Kaleo warns of a potential dip before the rally. He suggests DOGE could fall by up to 36% to the $0.08-$0.10 range, similar to a trend break in August 2020.
Conclusion
While Kaleo is optimistic about Dogecoin’s future, he advises investors to be aware of the potential dip and conduct thorough research before making any investment decisions.
