Crypto Trader Predicts Double Digit Rally for Shiba Inu Rival Dogecoin, Updates Outlook on Bitcoin
A widely followed crypto analyst is predicting a double-digit rally for popular meme asset Dogecoin (DOGE) while updating his outlook on the top crypto asset by market cap.
The pseudonymous trader Kaleo tells his 593,000 Twitter followers that DOGE is “finally in the ape zone” and that accumulating the memecoin under $0.08 is a good move.
“Starting to stack Dogecoin on the dip/anywhere under $0.08 is a solid play.”
According to Kaleo’s charts, he envisions the Shiba Inu (SHIB) rival bouncing up toward the $0.09 price level sometime before August 14th, representing about a 20% spike from DOGE’s current price of $0.074.
Moving on to Bitcoin (BTC), Kaleo indicates that he believes it will gain momentum as the king crypto’s latest dip might be “all we can get.”
According to his charts, Bitcoin will steadily rise and hit the $32,500 price level sometime around late October or early November.
“That might be all the dip we get. Hope you’ve been stacking anon.”
Bitcoin is trading for $29,265 at time of writing, a fractional decrease during the last 24 hours.
The strategist then shifts his focus toward the BTC/DOGE pair, measuring its cycles, concluding that a rise after the 200-250 day range is probable but not guaranteed.
“Each date range was measured from the peak of a pump, to the start of the next one. The conclusion I draw from this is that while there is no guarantee a move happens after the 200-250 day range (as there are a couple of exceptions), it’s been a decent bet in the past.”
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