🐶 The number one meme coin, DOGE, has always attracted investors’ interest. Elon Musk's support and rumors about its use in payment systems with X position DOGE uniquely. Analysts are paying close attention, with one prominent analyst predicting a potential rise.
📈 Analyst Kaleo shared on X that Dogecoin could surge by 700% to 1,500%. Currently, DOGE is valued at $0.1236 after a 0.33% drop in the last 24 hours, with a market trading volume of $17.9 billion. Notably, DOGE's 24-hour trading volume increased by 12%, reaching over $588 million.
📅 Kaleo suggests that DOGE might rise around December to February, following the pattern of previous rallies and Bitcoin halvings. Only two months have passed since the last Bitcoin halving, indicating a potential breakout soon.
📉 However, Kaleo also predicts a possible 36% drop before the rise. He mentions that DOGE could pull back to the $0.08 to $0.10 range, similar to a 30% drop in August 2020 before DOGE's major rise.
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