DOGE Price Prediction: The Original Meme Coin Could Explode Up to 1,500%!

As you have been following on Kriptokoin.com, the market is in a holding pattern for now. However, the popular analyst nicknamed Kaleo says that Dogecoin

A crypto analyst with a large following on social media has expressed bullish sentiment on the popular meme coin Dogecoin (DOGE). The analyst, who goes by the name Kaleo, believes that DOGE could rise between 700% and 1,500% from the current level.

In a recent analysis, Kaleo noted that Dogecoin is still in a “supercycle” and could be poised for another major rally. The analyst pointed out that each of the previous DOGE rallies lasted for about eight to nine months before they started pumping after the Bitcoin halving.

However, Kaleo also warned that Dogecoin could fall by as much as 36% before turning bullish. The analyst noted that each of the previous DOGE rallies pulled back to the eight to 10 cent range and retraced the rise that was seen in February.

“A similar trend breakout with a decline and retracement of about 30% occurred in August 2020, a few months before DOGE went mainstream and gigasending began,” the analyst added.

At the time of writing, Dogecoin was trading at $0.125.

Meanwhile, another crypto analyst, who goes by the pseudonym Bluntz, is keeping an eye on two other meme coins — PEPE and Popcat (POPCAT) — for potential rallies.

Bluntz believes that PEPE is showing signs of completing its ABC correction and could be ready to ignite a five-wave rally. The analyst also noted that PEPE is one of the few bottoms that hasn’t really smoked and made new lows.

As for Popcat, Bluntz thinks that the Solana (SOL) based meme coin has also completed its correction and is setting up for a rally. The analyst observed five waves up daily and a big ‘take off’ from ABC on the POPCAT chart.

“ABC down now looks complete. I’m starting to think meme coins are back, baby,” the analyst concluded.

Bluntz also pointed out that Popcat appears to mirror the market structure of the meme coin dogwifhat (WIF) before launching a rally to all-time highs in March.

“Popcat is fractal for fun. Where have I seen this structure before?” the analyst added.

The opinions and forecasts in the article are those of analysts and are not investment advice.