A popular crypto analyst, known as Kaleo, is predicting that Dogecoin (DOGE) could skyrocket by as much as 1,510%. He believes we’re in a “memecoin supercycle” and that DOGE could hit a new all-time high, potentially reaching $1 to $2.
A Dip Before the Surge?
However, Kaleo warns that DOGE might dip first, possibly dropping by 35% before it starts its climb. He thinks it could fall back to the $0.08 to $0.10 range, retracing its February surge.
History Repeating Itself?
Kaleo’s bullish prediction is based on historical patterns. He points out that DOGE has had two massive price surges in its history, both following periods of sideways trading. The current sideways period is similar in duration to the ones before those surges, leading him to believe that another big jump is on the horizon.
Don’t Get Too Excited
It’s important to remember that this is just one analyst’s opinion, and the crypto market is notoriously volatile. Before making any investment decisions, always do your own research and consider the risks involved.
