Flow

Dogecoin

Rise

Elon Musk

<p style="text-align: justify"><a href="https://en.coin-turk.com/what-is-a-chain-order/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Crypto</a> <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">analyst</a> The Flow Horse, closely monitoring the realization of his predictions, made a remarkable forecast that the biggest memecoin, Dogecoin (<a href="https://en.coin-turk.com/dogecoin-doge-investors-in-trouble-doge-price-predictions/" data-wpel-link="internal" rel="noopener noreferrer nofollow">DOGE</a>), is preparing for a bullish rally. The analyst, expecting a price increase of over 2x in DOGE, also stated that another popular memecoin, Pepe (PEPE), will rise in the short term.</p>
<h2 style="text-align: justify" id="dogecoin-will-bark-again-soon">“Dogecoin Will Bark Again Soon”</h2>
<p style="text-align: justify">Anonymous crypto analyst The Flow Horse stated on his personal X account (formerly known as Twitter) that DOGE has a lot of upward potential after surpassing the descending resistance trend line on the weekly chart. The analyst used the following statements to explain his expectations for the memecoin:</p>
<blockquote>
 <p>All risky assets are rising in price. I always remind myself that Elon Musk owns X and that the movements of the world’s beloved memecoin are extremely limited. I think DOGE will bark again soon.</p>
</blockquote>
<p style="text-align: justify"><img decoding="async" class="aligncenter size-full wp-image-273440" src="https://coin-turk.com/wp-content/uploads/2023/11/Memecoin-Doge-Dogecoin-Altcoin.jpeg" alt="" width="1590" height="782"></p>
<p style="text-align: justify">At the time of writing this article, DOGE is trading at $0.06884, with a 2.57% increase in the past 24 hours. Looking at the Dogecoin chart shared by the analyst, it is clearly visible that the target level he expects to reach is $0.1515.</p>
<h2 style="text-align: justify" id="according-to-the-analyst-pepe-s-rise-can-continue-under-fomo">According to the Analyst, PEPE’s Rise Can Continue Under FOMO</h2>
<p style="text-align: justify">The Flow Horse continued the topic through memecoins and mentioned Pepe, stating that the beloved memecoin is gathering strength to move upward. While the analyst warns that there could be a further drop during this consolidation phase, he added that the likelihood of PEPE losing most of its gains soon is low:</p>
<blockquote>
 <p>I added to my long position in PEPE futures. I believe we can drop a bit more, but I don’t think there will be a Burj Khalifa formation decline in the short term. As major altcoins rise further, I expect a bit more FOMO in PEPE.</p>
</blockquote>
<p style="text-align: justify">Burj Khalifa is a bearish formation that resembles the structure of the world’s tallest building, where a cryptocurrency loses most of its gains after a steep rise.</p> Continue Reading: <a href="https://en.coin-turk.com/dogecoin-and-pepe-the-rise-of-memecoins/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/dogecoin-and-pepe-the-rise-of-memecoins/</a>

Dogecoin and Pepe: The Rise of Memecoins

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