Bitcoin

Dogecoin

<p>The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/price-analysis/crypto-market-forecast-what-lies-ahead-for-meme-coins-and-bitcoin/">Crypto Market Forecast: What Lies Ahead for Meme Coins and Bitcoin</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p>
<p>Kaleo’s analysis delves deeper into the nuanced dynamics of Dogecoin and Bitcoin, offering a comprehensive view of their potential trajectories in the cryptocurrency market. The current market rose from $1.09 trillion last month to $1.18 trillion three months ago. That’s creating a buzz for both altcoins and meme coins, and many see it as a breakout rally.</p>
<p>Do you think the meme coin can compete with the king crypto with ETF approval? BTC’s dominance can help smaller coins play the crypto rally. Let’s barge into the analyst’s charts.&nbsp;</p>
<h2 class="wp-block-heading" id="h-doge-price-analysis"><strong>DOGE Price Analysis</strong></h2>
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   <p lang="en" dir="ltr">Here's my playbook for <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$DOGE</a>:<br><br>Sometime in the next week or two, Dogecoin finally starts to move.<br><br>When DOGE starts moving higher, it usually moves pretty fast. I wouldn't be surprised to see a daily from here to somewhere in the 9 – 10 cents range, chop there for a bit, then… <a href="https://t.co/BN1AqSe8d2" rel="noopener noreferrer nofollow">pic.twitter.com/BN1AqSe8d2</a></p>— K A L E O (@CryptoKaleo) <a href="https://twitter.com/CryptoKaleo/status/1722415249448391121?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 9, 2023</a>
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<p>For Dogecoin, Kaleo’s <a href="https://x.com/CryptoKaleo/status/1722415249448391121?s=20" rel="noopener noreferrer nofollow">anticipation </a>of a significant rally in late 2024 is underscored by the coin’s historical performance and its role amid the ongoing altcoin boom. Despite Dogecoin’s Year-to-Date returns being relatively moderate, around 10%, Kaleo highlights the coin’s historical propensity for swift upward movements.</p>
<p>The strategic playbook outlined by Kaleo for Dogecoin involves an expected rapid ascent in the next few weeks, marked by daily movements reaching $0.90 to $1.10. However, he maintains a level of caution, expressing skepticism about the coin’s potential to surpass $0.20 in the current rally.</p>
<h2 class="wp-block-heading" id="strong-bitcoin-is-in-a-halving-mode-strong"><strong>Bitcoin is in a Halving Mode&nbsp;</strong></h2>
<p>Shifting the focus to the more giant coins, the crypto market faced a downturn, with Bitcoin dropping below $35,000, impacting altcoins such as Binance Coin, Solana, and Tron. Bitcoin’s 3% decline to $34,300 and a 25% decrease in trading volume contributed to the bearish sentiment. The fear and greed index slid from 72 to 65, yet overall market sentiment remains optimistic. Analysts foresee a notable correction in Bitcoin’s price before an expected surge, with some projections hinting at a year-end target of $45,000.&nbsp;</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> / <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a><br><br>Current price action reminds me of where we were in December 2020 before the early 2021 fun kicked off.<br><br>Break above $37K and flip the line, and I have a feeling there's a good chance we see something similar from here. <a href="https://t.co/69j1F8nnS6" rel="noopener noreferrer nofollow">pic.twitter.com/69j1F8nnS6</a></p>— K A L E O (@CryptoKaleo) <a href="https://twitter.com/CryptoKaleo/status/1722470712898682947?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 9, 2023</a>
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<p>Kaleo parallels the present market conditions and Bitcoin’s behavior after the 2020 halving. The comparison is a foundation for his assertion that if Bitcoin breaks above $37,000 and consolidates support at that level, a rally akin to the post-2020 halving period could be in the offing.&nbsp;</p>
<p>Kaleo’s insights provide a forward-looking perspective on these two significant cryptocurrencies and offer valuable considerations of historical patterns and market conditions. The analysis caters to both seasoned cryptocurrency enthusiasts and those seeking a deeper understanding of potential trends in the crypto space.</p>

Crypto Market Forecast: What Lies Ahead for Meme Coins and Bitcoin

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