Kaleo’s Dogecoin Prediction: Big Gains Ahead?

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• Though there will be short-term swings, Kaleo believes Dogecoin will soon soar.
• Bullish tendency and possible golden cross signal are shown by DOGE.

Most people in the cryptocurrency community refer to Kaleo as “Crypto Kaleo,” who is a well-known trader and analyst with a sizable following on X. Recently, Kaleo has announced his expectation for a Dogecoin (DOGE) boom that is about to happen.

DOGE Prediction 

Later, in response to a follower, Kaleo clarified that although his short-term forecasts for Dogecoin typically point to a gain, there’s also a chance of a little decline before a final climb. Ignoring short-term swings, he underlined the need to keep up the Dogecoin accumulation.

Kaleo went into further detail on his optimistic position on Dogecoin that same day, comparing the actions of ordinary investors to the current meme stock frenzy involving businesses like GameStop (GME) and AMC Entertainment Holdings (AMC).

He noted that the comeback of meme stocks shows that investors and ordinary traders are taking chances once more. This risk-taking attitude has been clear in the cryptocurrency market during the last year, especially with the rise of several memecoins (such Dogwifhat and Pepe).

Noting that Dogecoin is well-known among ordinary investors and the cryptocurrency community, Kaleo emphasized its ongoing position as the top memecoin.

Dogecoin, he noted, was the first meme to arouse optimism about the possibilities of a community-driven cryptocurrency movement. Notwithstanding swings in the market, he maintained that Dogecoin is still very relevant.

Real-Time Market Data

The price of DOGE at the time of writing was $0.1529, down 1.69% in the previous 24 hours, according to CoinMarketCap. DOGE has shown a bullish posture over the past seven days, with an increase of 8.5% despite this short-term downturn.

Furthermore, ETHNews emphasized the possible development of a bullish signal on the price chart of DOGE—a golden cross pattern.