cryptocoin.com As we have mentioned, Kaleo, one of the crypto money whales that is closely followed in the crypto money market, pointed to critical levels for Dogecoin (DOGE)! According to Kaleo, the recently popular altcoin Dogecoin may explode and reach highs! Here are the details…
Critical statement came from the crypto money whale: DOGE may explode!
Kaleo, the leading cryptocurrency whale and analyst, told his more than 575,000 followers on Twitter that the popular memecoin project Dogecoin (DOGE) could make a jump of about 15 percent from its current value. On Wednesday, DOGE reached a low of $0.0815, according to the analyst. The statement made by the popular whale is as follows:
DOGE awakens. These levels were the bottom levels!
The chart shared by the popular cryptocurrency analyst shows that DOGE has broken up from the descending triangle pattern, which indicates an uptrend. So DOGE, according to the analyst. It could make a big bounce off the $0.0815 level. On the other hand, the analyst continued his comments with the words “Still, it looks ready for a quick jump from here”.
However, DOGE is on the verge of crossing the $0.10 level if it can break out of the descending trendline resistance at $0.0873. That’s why the analyst said to investors, “Get above the line and hastily come back to the $0.10 level.”
On the other hand, another remarkable event is that, at the beginning of the month, Twitter and Tesla CEO Elon Musk put the DOGE logo in the logo part of Twitter instead of the iconic bird logo. As you may remember with this move, DOGE rose by more than 30 percent and rose to the level of $0.10. But DOGE’s stay at these levels was short-lived, and Elon Musk brought back Twitter’s iconic bird logo. However, DOGE has lost its gains.
Dogecoin (DOGE) has increased by about 6 percent in the last 24 hours and is instantly trading at $0.0870. Instantly, it is the eighth largest cryptocurrency by market capitalization.
DOGE comments from crypto experts draw attention
While memecoin exploded with the replacement of Twitter’s logo with DOGE, the popular memecoin made its biggest debut in its history. After this move, the price of the cryptocurrency rose; but the current rise cannot be attributed to it. It is noteworthy that Dogecoin’s growth lacks any direct input from the billionaire investor, even if we are inclined to agree that it has had a cumulative effect from the calls it has received so far.
Drawing its own ambitious growth curve for Dogecoin remains one of the key goals long-term investors look forward to. A short-term price hike fueled by random tweets or memes shared by Musk is unsustainable, and growth like the one printed today is one of the ways DOGE has cut losses that it has incurred over the past year. Dogecoin is currently attributing its future price increase to a more valuable utility that Twitter and its core developers put forward, including the social media giant’s eToro, as well as crypto and stock transactions.
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