2 Expert Analysts, 2 Similar Warnings: Get Ready in Dogecoin (DOGE)

The popular meme token Dogecoin (DOGE) is leading the rise of the cryptocurrency market under the influence of Tesla CEO Elon Musk.

“DOGE may continue to increase”

Dogecoin first started acting on the news of the successful acquisition of social media giant Twitter by tech billionaire Elon Musk, one of the cryptocurrency’s most prolific backers. The Meme token rose more than 137% from around $0.059 to $0.14, and it was trading at $0.124 at the time of writing, accounting for most of the gains. Despite the huge gains in a short period of time, the cryptocurrency analyst known as Kaleo said the upward momentum is likely to continue. With a little patience, the closely-watched expert analyst suggested on Twitter to his 537,000 followers that DOGE could experience another upward momentum. The experts made the following statements in their presentations:

It feels like Dogecoin’s rise isn’t over yet. Don’t expect to immediately see the same action we saw this weekend. But with a little patience, we should see another wave higher.

“Market sub-season”

According to the popular analyst, DOGE is leading the altcoin market into another “alt season,” or a period in which altcoins are clearly outperforming Bitcoin (BTC). Kaleo shared a chart of DOGE/BTC parity, which he said shows a lot of power, saying:

Dogecoin is still quite bullish.

On the other hand, another expert analyst who recently made a statement discussed the Dogecoin data in Smart Contracter and said that the popular cryptocurrency could see a “crazy rally” in favor of Kaleo. The experts issued the following statement:

I am considering moving some of my bitcoin balance to DOGE over the next few months. This is the wildest bullish move I’ve seen in DOGE/BTC in a long time. The IHS (inverse head and shoulders) fracture lasted about a year and was barely mentioned.

Source of information: Compiled from COIN-TURK by 0x information.Copyright belongs to the author Mehmet Çağrı Tunç and may not be reproduced without permission

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