Bitcoin Cash (BCH) Outlook Updated as Trader Warns of More Than 50% Crash for DOGE Competitor

Bitcoin Cash (BCH) Outlook Updated as Trader Warns of More Than 50% Crash for DOGE Competitor

A Crypto Analyst Warns of Potential Collapse for Dogecoin Rival

A popular crypto analyst has issued a warning that a rival of Dogecoin (DOGE) could experience a significant decline as the digital asset markets remain stagnant. The analyst, known as Kaleo, shares on Twitter that Pepe (PEPE) may drop by more than 50% from its current value. Kaleo uses an inverse chart to illustrate the potential decline, with Pepe falling from $0.000000787 to $0.000000390. Meanwhile, Kaleo predicts that Bitcoin Cash (BCH) will continue its downward trend as it tests a key support level at $191.21. Additionally, BCH is expected to experience a decline against Bitcoin (BTC). Kaleo believes that Bitcoin will remain volatile until a decisive bull cycle takes place in 2024-2025. He speculates that Bitcoin will dip to around $21,000 in September before rallying to $34,000 in early October.

Hot Take:

Read Disclaimer
This page is simply meant to provide information. It does not constitute a direct offer to purchase or sell, a solicitation of an offer to buy or sell, or a suggestion or endorsement of any goods, services, or businesses. does not offer accounting, tax, or legal advice. When using or relying on any of the products, services, or content described in this article, neither the firm nor the author is liable, directly or indirectly, for any harm or loss that may result. Read more at Important Disclaimers and at Risk Disclaimers.

While the crypto markets may be stagnant, Kaleo’s warning serves as a reminder that even established assets can experience significant declines. Traders and investors should remain vigilant and stay informed about potential risks and market trends to make informed decisions.

Bitcoin Cash (BCH) Outlook Updated as Trader Warns of More Than 50% Crash for DOGE Competitor
Author – Contributor at | Website

Daisy Hodley emerges as a luminary blending the roles of crypto analyst, devoted researcher, and editorial virtuoso into a harmonious symphony. In the realm of digital currencies, Daisy’s insights resonate with an exquisite resonance across a diverse spectrum of minds. Her adeptness in decoding intricate threads of crypto complexities seamlessly intertwines with her editorial finesse, translating intricacy into a captivating melody of understanding. A guiding star for both intrepid explorers and curious novices venturing into the crypto realm, Daisy’s insights form a compass for discerning decision-making amidst the ever-shifting currents of cryptocurrencies. With the touch of a literary artist, they craft a narrative that enriches the evolving mosaic of the crypto landscape.