Analyst: Dogecoin (DOGE) Is Set For Fresh Breakout

A pseudonymous crypto analyst, popularly known on Twitter as Kaleo, has predicted a price breakout for the most popular meme token, Dogecoin (DOGE).

In a tweet on 28th August 2021, Kaleo told his teeming followers that he has been adding more DOGE to his crypto portfolio as it brushes up against critical resistance level in its Bitcoin pair (DOGE/BTC).

Captioning an illustrative chart, Kaleo shared this, “DOGE / BTC. Bought more Dogecoin here.”

Another pseudonymous crypto analyst, DonAlt, has also taken a bullish stance on Dogecoin (DOGE), stating that the cryptocurrency has the potential to surge 30% from its current prices.

DonAlt wrote, “I hate what DOGE has become with a passion but this setup is actually quite a nice one I’m not gonna buy it I’d rather buy XRP just thought I’d share. Good thing is if DOGE manages to go up other crap will too.”

David Gokhshtein, the CEO of Gokhshtein Media, a crypto media firm, is also positive on the price trend of Dogecoin (DOGE), stating that it’s headed for $1.

According to Gokhshtein, Elon Musk is not the only factor behind the success of the cryptocurrency. He said Robinhood, the retail-focused trading platform and meme economy have also contributed to its growth and resilience in the crypto market.

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Tobi Loba

Tobi Loba is a passionate writer with a vast interest in the stock market. She joined the crypto ecosystem about three years ago and has written lots of ebooks and articles in relation to cryptocurrency and blockchain projects. Tobi Loba earned her degree at the University of Ibadan.