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Home»Analysis»Top Crypto Trader Says Dogecoin (DOGE) ‘Waking Up’ After Hitting Bottom – Here Are His Targets
Analysis

Top Crypto Trader Says Dogecoin (DOGE) ‘Waking Up’ After Hitting Bottom – Here Are His Targets

2023-04-14No Comments2 Mins Read
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A extensively adopted crypto analyst says that the underside is in for Dogecoin (DOGE) whereas predicting a giant transfer to the upside.

Pseudonymous analyst Kaleo tells his 575,900 Twitter followers that the dog-themed meme token might see an approximate 15% worth enhance from its present worth.

Says Kaleo,

“DOGE is waking up.”

The crypto dealer says that Dogecoin hit a backside worth on Wednesday on the $0.0815 degree.

“This was the underside btw (by the way in which).”

Image
Supply: Crypto Kaleo/Twitter

His chart exhibits DOGE breaking to the upside out of a descending triangle sample suggesting a bullish reversal pattern. He’s predicting a giant bounce from the $0.0815 degree.

“Appears to be like primed for a fast bounce from right here although.”

He says Dogecoin is on the verge of crossing into the $0.100 degree if it might escape of the descending trendline resistance degree of $0.0873.

“Break above the road, and speed up again to 10 cents with haste.”

Image
Supply: Krypto Kaleo/Twitter

Earlier this month, DOGE surged greater than 30% to cross into the $0.10 degree when Dogcoin’s most well-known supporter, tech billionaire Elon Musk, modified Twitter’s icon to the DOGE emblem.

Nevertheless, that DOGE surge was short-lived. When Musk later reverted Twitter’s emblem again to its iconic blue chicken only a few days later, the meme token gave up its features.

Dogecoin is buying and selling for $0.0870 at time of writing, up almost 6% prior to now 24 hours. DOGE is at the moment the eighth-largest cryptocurrency by market cap.

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