Kaleo analyst predicts 1500% growth of the famous Dogecoin token

A popular cryptocurrency analyst and trader has expressed bullish sentiment on Dogecoin (DOGE). The analyst, who goes by the pseudonym Kaleo, told his 642,200 followers on the social media platform X that the price of Dogecoin could rise from 700% to 1,500% from its current level.

«I still believe that we are in a super meme coin cycle and we will see DOGE go to $ 1 to $ 2. History just says we likely have a little bit of time left to prepare for that before it happens.»

At the time of writing, the price of Dogecoin is $ 0.125. The analyst talks about when Dogecoin might start growing: «Each of these [попередніх підйомів Dogecoin] moves took about eight to nine months after the [біткоїна] halved before they started to rise. It’s now only been two months since the last halving of bitcoin. With that in mind, it would actually be more in line with the trend if the real breakout/expansion didn’t happen until December or February.»

However, Kaleo warns that Dogecoin could fall as much as 36% before resuming its growth.

«With that in mind, I would not be surprised to see the current bullish trend break back to the 8 to 10 cent range and repeat the February [з приблизно $ 0,09 до $ 0,22] rise we saw. A similar trend break with about a 30% drawdown and pullback occurred in August 2020, a few months before DOGE became mainstream and gained gigantic proportions.»