Here’s the modified title: Crypto Analyst Anticipates Dogecoin (DOGE) to Experience a Significant Breakout Rally – Reveals His Projected Target
Crypto analyst Kaleo believes that Dogecoin (DOGE) is set for a significant surge. Kaleo suggests that if Dogecoin can break its bear market resistance, it could reach a level last seen in November 2022. He predicts a steep surge to above $0.16, representing a potential increase of over 130% from its current price of $0.069. Additionally, Kaleo notes that Dogecoin’s performance against Bitcoin (DOGE/BTC) has broken long-term diagonal resistance, further adding to the bullish sentiment.
In terms of Bitcoin, Kaleo suggests that BTC’s consolidation above $30,000 indicates a potential sharp move to the downside. He mentions the possibility of the US Department of Justice seizing Bitcoin during this downward move and expresses interest in adding to his Bitcoin holdings at the 200 EMA on the daily chart. Kaleo’s chart indicates that Bitcoin could retest the $26,000 price level before recovering within its current trading range.
At the time of writing, Dogecoin is trading for $0.069 and Bitcoin is worth $30,264.
It’s important to note that these opinions are not investment advice, and investors should conduct their own research before making any high-risk investments in cryptocurrencies. The article also includes a disclaimer that The Daily Hodl does not recommend the buying or selling of any cryptocurrencies and that any losses incurred are the investor’s responsibility.
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