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A closely followed crypto analyst predicts that Dogecoin ($DOGE) will suddenly go parabolic as other memecoins are putting up massive gains.
Pseudonymous trader Kaleo tells his 641,400 followers on the social media platform X that $DOGE could soar more than 220% from its current value against Bitcoin ($DOGE/$BTC).
“The secret about Dogecoin is, it moves sideways for extended periods, followed by rapid, vertical growth. As bullish as I am on Bitcoin, I have an insanely high conviction $DOGE will outpace it. We’re in a meme super cycle. The king of memes won’t be left behind.”
Looking at his four-hour chart, the trader suggests $DOGE will rally to 0.000008 $BTC worth $0.55. At time of writing, $DOGE is trading at $0.159.
Next up, the trader says that Coq Inu (COQ), a memecoin running on the Avalanche ($AVAX) network, is about to confirm a bullish reversal and print massive gains against Wrapped $AVAX (COQ/WAVAX).
“Alright bros, I think it’s $AVAX’s turn to have a run again on the memes. Calling a bottom here on COQ. This is a $1 billion-plus meme with a $200 million market cap. Send it with haste.”
Looking at the trader’s chart, he suggests COQ/WAVAX could soon surge past its diagonal resistance. At time of writing, COQ is worth $0.000003.
Lastly, the trader predicts Bitcoin will soon hit six figures, a gain of more than 44% from its current value.
“Bitcoin: it’s time for round two. $100,000 is a magnet.”
Bitcoin is trading for $69,130 at time of writing, up more than 2% in the last 24 hours.
Generated Image: Midjourney
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