The Potential for Dogecoin to Surge Soon
Crypto analyst Crypto Kaleo recently shared their analysis of the Dogecoin price, highlighting a possible upcoming uptrend that could see it surpass the $0.1 mark. According to Kaleo, this surge might happen within a week or two, following a rally above the $0.09-$0.1 level before reaching a temporary roadblock. However, the analyst predicts another rally that could push the Dogecoin price above $0.15 and potentially reach $0.2.
Kaleo also suggests that this anticipated rally might not end there, but could continue to see more upside for Dogecoin. The analyst is looking for confirmation of this rally by observing a touch of HTF resistance on the BTC pair around 550 sats.
A Comparison to 2021’s Bull Market
In another X post, Kaleo compared the current Dogecoin price trend to what was observed in the 2021 bull market. The charts shared in the post show similarities in the extended downtrend before an uptrend, leading to speculation that Dogecoin might be preparing for another significant breakout.
Kaleo also mentioned that Dogecoin’s current price is nearly at the same level as it was before its big move up to $0.7 back in 2021, further adding weight to the argument for an imminent surge.
Looking Ahead: A Mission to the Moon
Kaleo also pointed out that Elon Musk’s announced Dogecoin satellite is set to head to the moon soon and will be entirely paid for in Doge. This mission is scheduled for launch on December 24, 2024, marking it as the first mission paid for in crypto and confirming DOGE’s status as the first crypto and meme coin in space.
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