One closely watched cryptocurrency analyst predicts that Dogecoin (DOGE) will suddenly go parabolic as other memecoins post massive gains.
pseudonym trader Kaleo tells his 641,400 followers on social media platform
“Dogecoin’s secret is that long periods of sideways movement are followed by rapid vertical growth. I am bullish on Bitcoin, but I have incredibly high confidence that DOGE will outperform Bitcoin. We are in a meme super cycle. The King of Memes will not be left behind.”
Looking at the 4-hours chart, the trader suggests that DOGE will rise to 0.000008 BTC, worth $0.55. As of this writing, DOGE is trading at $0.159.
Next, traders say that Coq Inu (COQ), a memecoin running on the Avalanche (AVAX) network, will soon see a bullish reversal and generate massive gains against Wrapped AVAX (COQ/WAVAX).
“Okay brothers, I guess it’s AVAX’s turn to take another look at memes. COQ is hitting rock bottom here. This is a billion dollar+ meme with a market capitalization of $200 million. “Send it quickly.”
Looking at the trader’s chart, he suggests that COQ/WAVAX could soon surge above the diagonal resistance line. As of this writing, COQ is worth $0.000003.
Finally, the trader predicts that Bitcoin will soon hit six figures, an increase of more than 44% from its current value.
“Bitcoin: Now it’s time for round 2. “$100,000 is a magnet.”
Bitcoin is trading at $69,130 at the time of writing, up more than 2% in the last 24 hours.
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