Crypto Analyst Predicts Dogecoin Price Rally, Is A Giga-Send Like 2021 Possible?
Crypto News

Crypto Analyst Predicts Dogecoin Price Rally, Is A Giga-Send Like 2021 Possible?

3m
Created 7mo ago, last updated 7mo ago

The Dogecoin price is holding steady after clearing the resistance at the $0.076 level. However, even its current performance seems to fall behind that of other altcoins including Chainlink (LINK) and Solana (SOL). This leaves a lot of room for growth for the meme coin and one an...

Crypto Analyst Predicts Dogecoin Price Rally, Is A Giga-Send Like 2021 Possible?

Table of Contents

The Dogecoin price is holding steady after clearing the resistance at the $0.076 level. However, even its current performance seems to fall behind that of other altcoins including Chainlink (LINK) and Solana (SOL). This leaves a lot of room for growth for the meme coin and one analyst has predicted when it might surge.

Dogecoin Surge Could Start In A Week Or Two

Crypto analyst Crypto Kaleo took to X (formerly Twitter) to share their analysis for the Dogecoin price. The post highlights a possible Dogecoin uptrend that could carry it above the $0.1 mark. Kale explains that this move might be fast given DOGE’s history of rapidly rallying, and it could start in a week or two.

At first, the analyst sees the Dogecoin price moving above the $0.-09-$0.1 level before a small roadblock. However, this is not expected to last as Kaleo sees another rally that brings the Dogecoin price above $0.15 once more.

Even after this, Kaleo does not believe the rally has ended, predicting even more upside for the digital asset. The peak of this expected rally is placed at the $0.2, where the analyst believes it ends. “As much as I’d love for it to go to $1+, I honestly don’t see it getting too much past twenty cents on this rally,” Kaleo stated.

As for confirmation for this rally, the analyst revealed that “I’m just looking for a touch of HTF resistance on the BTC pair around 550 sats (where I’m getting the 20 cents figure depending on what the price of Bitcoin is).”

A DOGE Move Similar To 2021?

The crypto analyst, in a subsequent X post, revealed similarities for the current Dogecoin price trend compared to what was seen back in the 2021 bull market. The charts shared in the post show a similarly extended downtrend before an uptrend.
Kaleo also reveals that the DOGE price is also sitting at almost exactly the same level as it did back in 2021 before its big move up to $0.7. So if this current trend tracks with the previous one, DOGE could be readying for another massive breakout.
On a more bullish note, Kaleo also points out that the Dogecoin satellite that billionaire Elon Musk announced in 2021 is set to head to the moon. The mission which Musk revealed was entirely paid for in Doge is a little over a month away from launch on December 24, 2024. In addition to being the first mission paid for in crypto, Musk also revealed that DOGE will be the first crypto and meme coin in space.
0 people liked this article

Related Articles

Crypto News
90% Chance of Bitcoin ETF Approval by January 10, Analyst Predicts
Earlier today, Bloomberg analyst James Seyffart claimed that there is a 90% probability of spot Bitcoin ETF approvals by January 10. However, the market can soon enter a period during which a surge...
7mo ago
2m
Metaverse
BLOKTOPIA - Developer Diaries #27
7mo ago
4m
Crypto News
Ukraine lost nearly $53b due to lack of crypto regulation
Ukraine’s largest crypto exchange, Kuna, says the country has lost dozens of billions of dollars since 2016 in revenue related to the crypto market.Ukraine’s state budget has lost $52.9 billion in ...
7mo ago
3m
Crypto News
Bitcoin and Mining Stocks Surge to New Heights
Bitcoin's price surge has ignited a rally among North American bitcoin mining stocks, which opened with double-digit growth. The leading cryptocurrency broke through a critical threshold, reaching ...
7mo ago
2m
Crypto News
Trader Says Ethereum Altcoin That’s Up 130% in Three Weeks ‘Looks Pretty Strong,’ Names Targets f...
A popular crypto analyst is remaining bullish on one red-hot altcoin that more than doubled in value within a few weeks.Pseudonymous trader Altcoin Sherpa tells his 197,900 followers on the social ...
7mo ago
2m
Crypto News
Analyst Predicts Bitcoin And Crypto Market Crash Of Epic Proportions, Here’s When
Bitcoin and the entire crypto market are currently in an uptrend which has been a cause for celebration for investors all across the space. However, not everyone expects this uptrend to continue. O...
7mo ago
3m