It has been just revealed that there is a massive DOGE rally underway, according to the latest reports. Check out the new predicitons about the digital asset here.
Huge rally is in store for DOGEA crypto strategist predicts that Dogecoin (DOGE), a popular memecoin, is poised for a significant upward movement.
The pseudonymous analyst, Kaleo, has recently said on the social media platform X that DOGE will eventually follow the lead of altcoins that have recently experienced substantial gains.
The analyst suggests that DOGE may consolidate in the short term before taking off.
“Honestly though – look at how beautiful the USD chart is.
The way alts are starting to pop off, I find it hard to believe Dogecoin doesn’t see a squeeze out of its current range…
Not too much of a change from last night for Dogecoin. I’m prepared for a boring next few days before we really send if that’s what it takes.”
Based on a trader’s chart, it appears that DOGE cryptocurrency will rise above $0.083 by November 13th, resulting in a gain of over 12% from its current price in less than a week.
The trader, Kaleo, believes that the positive trend of Dogecoin compared to Bitcoin (DOGE/BTC) supports his optimistic outlook.
According to Kaleo, DOGE/BTC is currently trading above a year-long diagonal resistance and has broken out.
The trader predicts that DOGE/BTC will surge as high as 0.00000550 BTC ($0.19), while currently, it is trading at 0.00000209 BTC, which is worth around $0.074.
Back in October, we were writing that a crypto strategist closely followed by many believes that the popular memecoin, Dogecoin (DOGE), could enter a bull market if it successfully crosses two resistance levels.
Ali Martinez, an analyst with 31,200 followers on social media platform X, notes that DOGE is currently trading within a large triangle pattern.
If the coin convincingly breaks out of this technical formation, it could potentially print a new all-time high.
Martinez also suggests that a weekly candlestick close above $0.0835 could trigger the beginning of a new DOGE bull run, possibly leading the coin towards $1.
