Dogecoin To Dash Towards $1? This Crypto Analyst Hardly Thinks So But Sees DOGE Surging 170% In Short Term
Portfolio Pulse from Mehab Qureshi
Crypto analyst Kaleo predicts a short-term surge of 170% for Dogecoin (CRYPTO: DOGE), reaching $0.20 levels. He expects DOGE to reach 9 to 10 cents, consolidate, then possibly surge to around 15 cents. However, he does not see DOGE reaching $1. He also hinted at a more thrilling rally for DOGE in 2024. At the time of writing, DOGE was trading at $0.076, up 3.29% in the last 24 hours.
November 09, 2023 | 11:16 am
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NEUTRAL IMPACT
Crypto analyst Kaleo mentioned a higher time frame resistance level for the Bitcoin pairing at approximately 550 sats, suggesting that the true DOGE rally may not take place until later in 2024.
The mention of a higher time frame resistance level for the Bitcoin pairing suggests that the analyst is considering the relationship between DOGE and BTC in his predictions. However, this does not directly indicate a positive or negative impact on the price of BTC.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Crypto analyst Kaleo predicts a short-term surge of 170% for Dogecoin, reaching $0.20 levels. However, he does not see DOGE reaching $1. He also hinted at a more thrilling rally for DOGE in 2024.
The prediction of a 170% surge in the short term by a crypto analyst is likely to have a positive impact on the price of DOGE. However, the analyst's skepticism about DOGE reaching $1 could temper some investor enthusiasm. The hint at a more thrilling rally in 2024 could also influence investor sentiment positively.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100