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Crypto Analyst Predicts Parabolic Surge for Dogecoin as Bitcoin Faces Potential Downside

Renowned crypto analyst Kaleo, with a substantial Twitter following of 593,600, has made an exciting prediction for Dogecoin (DOGE). The meme-inspired cryptocurrency, often in the spotlight for its volatile nature, could experience a parabolic surge according to Kaleo. With bullish indications and the breaking of key resistance levels, Dogecoin may revisit a price level last seen during the previous crypto bull market. Meanwhile, Kaleo also shares concerns about Bitcoin (BTC) as its prolonged consolidation near $30,000 hints at a potential downside move.

DOGE’s Bullish Breakout:

Kaleo’s analysis suggests that Dogecoin is on the verge of breaking through its bear market resistance. Should this occur, the analyst predicts a significant rally that could propel DOGE to levels not seen since November 2022. Based on Kaleo’s chart, Dogecoin may surge above $0.16, marking a potential increase of over 130% from its current price of $0.069. Additionally, Kaleo notes that Dogecoin’s performance against Bitcoin, indicated by the DOGE/BTC pair, has also surpassed its long-term diagonal resistance, further enhancing the bullish outlook.

Bitcoin’s Potential Downside:

While discussing Bitcoin, Kaleo expresses concerns about the prolonged consolidation above $30,000. According to the analyst, this suggests a higher likelihood of a sharp downward move for the leading cryptocurrency. Adding to the sentiment, Kaleo references tweets suggesting the potential seizure of Bitcoin by the U.S. Department of Justice during a market movement. Consequently, the analyst expresses a desire to accumulate more BTC if it experiences a dip to the 200-day exponential moving average (EMA) on the daily chart. Based on Kaleo’s analysis, Bitcoin may revisit the $26,000 price level before attempting to reclaim its current trading range.

Crypto analyst Kaleo’s predictions have generated significant interest among investors and enthusiasts. His optimistic outlook for Dogecoin hints at a parabolic surge, driven by the breaking of bear market resistance. Meanwhile, concerns surrounding Bitcoin’s extended consolidation near $30,000 raise the possibility of a sharp downside move. As both cryptocurrencies navigate their respective paths, the crypto market eagerly awaits the outcome, watching for potential opportunities and risks.


Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.