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  <p style="text-align: justify;">Kaleo, a closely watched cryptocurrency analyst and trader, has announced that he expects a massive parabolic price movement for Dogecoin (DOGE), the biggest memecoin that made its mark in 2021. According to the analyst, DOGE is preparing for a fast and strong breakout.</p> 
  <h2 style="text-align: justify;" id="prediction-of-a-130-increase-for-dogecoin">Prediction of a 130% Increase for Dogecoin</h2> 
  <p style="text-align: justify;"><a href="https://en.coin-turk.com/bis-report-structural-flaws-make-cryptocurrency-unsuitable-as-monetary-instrument/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Crypto</a>currency analyst Kaleo stated that Dogecoin, which is competing with <a href="https://en.coin-turk.com/massive-movement-on-shiba-inu-shib-meme-token-migration-begins/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Shiba</a> Inu (SHIB), could make a significant rally after breaking the bear market resistance line. According to Kaleo, this breakout could take Dogecoin to a level last seen in November 2022, indicating the end of the bull market in the cryptocurrency market.</p> 
  <p style="text-align: justify;"><img decoding="async" class="aligncenter size-full wp-image-237784" src="https://coin-turk.com/wp-content/uploads/2023/07/Dogecoin-DOGE-Altcoin-1.jpeg" alt="" width="2048" height="774"></p> 
  <p style="text-align: justify;">Looking at the price chart shared by Kaleo, it can be seen that Dogecoin is predicted to experience a sharp rise above $0.16, which is a potential increase of over 130% from its current price of $0.069. The analyst also mentioned that Dogecoin has broken its long-term diagonal resistance against <a href="https://en.coin-turk.com/bitcoins-unstable-position-market-influences-and-future-predictions/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> (DOGE/BTC), supporting its bullish outlook.</p> 
  <p style="text-align: justify;"><img decoding="async" class="aligncenter size-full wp-image-237783" src="https://coin-turk.com/wp-content/uploads/2023/07/Dogecoin-Bitcoin.jpeg" alt="" width="2048" height="788"></p> 
  <h2 style="text-align: justify;" id="warning-bitcoin-could-re-test-26-000">Warning: “Bitcoin Could Re-Test $26,000”</h2> 
  <p style="text-align: justify;">After analyzing Dogecoin, Kaleo also looked at Bitcoin and believes that the largest cryptocurrency is preparing for a sharp and fast downward movement after a prolonged consolidation above $30,000. The analyst warned investors with the following statement:</p> 
  <blockquote> 
   <p>The longer we stay in the $30,000 range, the less likely it seems to have a sudden rise. I have seen a few tweets about the Department of Justice (DOJ) taking action and seizing some BTC. Therefore, I expect the price to fall back to the 200-day EMA (exponential moving average) and create a buying opportunity. I will take advantage of this buying opportunity by increasing my BTC holdings.</p> 
  </blockquote> 
  <p style="text-align: justify;"><img decoding="async" class="aligncenter size-full wp-image-237782" src="https://coin-turk.com/wp-content/uploads/2023/07/Bitcoin-BTC-Grafik.jpeg" alt="" width="2101" height="823"></p> 
  <p style="text-align: justify;">Kaleo’s Bitcoin chart suggests that the largest cryptocurrency will revisit the $26,000 level before returning to its current trading range, providing a buying opportunity.</p> The post <a href="https://en.coin-turk.com/prediction-of-a-130-increase-for-dogecoin/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Prediction of a 130% Increase for Dogecoin</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS.</a>
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Prediction of a 130% Increase for Dogecoin

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