Popular cryptocurrency analyst Kaleo predicts a significant rise for Dogecoin (DOGE) and Shiba Inu (SHIB). The pseudonymous trader believes that both coins have the potential to develop further and recommends taking a long-term view of the crypto market.
DOGE’s Potential Breakout and SHIB’s Rally
Kaleo points out that DOGE is about to break its diagonal resistance on the time frame high at $0.10. Once that happens, he thinks $0.25 is an achievable goal for DOGE. At press time, Dogecoin price is at $0.097, experiencing a slight decline of 1.2% on the day.
Related: Dogecoin Price Prediction: Can DOGE Keep Rising After Twitter’s Rebrand, and Will Love Hate Inu Follow?
Elsewhere, Kaleo is keeping a close eye on SHIB and hinting that it might side with DOGE. According to him, SHIB’s rally might start once it breaks through its diagonal resistance at around $0.0000115. The meme token is worth $0.00001130 at the time this article was written. Kaleo argues that a breakout for SHIB could propel the coin to achieve gains of 50% to 100%.
Read: Shiba Inu Price Prediction 2023, 2024, 2025, 2026 – 2030
Recent Developments in MemeCoins
DOGE was recently adopted by leading payment gateway Coinbase, increasing its visibility and legitimacy in the crypto market. Additionally, the DOGE community went into a frenzy of anticipation when Burger King UK hinted at the coin’s potential adoption in a tweet.
Meanwhile, Shiba Inu has been focused on developing a decentralized exchange (DEX) called ShibaSwap, which allows SHIB holders to swap their tokens for other cryptocurrencies and provides liquidity to the ecosystem. SHIB. Although it initially excited fans and investors, the optimism for the platform was short-lived due to a channel ID mix-up, it was later cleared as an accident.
