A Cryptocurrency Analyst Isย warning of Probable Collapse for Dogecoinย (DOGE) Rival
A trending cryptocurrency analyst has announced a warning that a rival of Dogecoinย (DOGE) could experience a wholeย lotย of decline as the digital asset markets remain stagnant. The analyst, known as Kaleo, shares on Twitter that Pepe (PEPE) may fall by more than 50% from its current value. Kaleo uses an inverse chart to illustrate theย capacity decline, with Pepe sliding from $0.000000787 to $0.000000390. Inย theย meantime, Kaleo predicts that Bitcoinย (BTC) Cash (BCH) will continue its downward trend as it tests a key levelย ofย support at $191.21. Inย addition, BCH is expected to experience a decline against Bitcoin. Kaleo believes that Bitcoinย (BTC) will remain volatile until a decisive bull cycle takes place in 2024-2025. He speculates that Bitcoinย (BTC) will dip to around $21,000 in September before rallying to $34,000 in early October.
Hot Take:
Althoughย while the cryptocurrency markets couldย be stagnant, Kaleoโs warning serves as a reminder that even established assets can experience wholeย lotย of declines. Traders and investors should remain vigilant and stay notified about probable dangers and market trends to make notified decisions.
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