Crypto Analyst Predicts Parabolic Run for Memecoin Pepe (PEPE), Updates Outlook on Dogecoin (DOGE)

A broadly adopted crypto analyst believes that Dogecoin (DOGE) competitor Pepe (PEPE) is gearing up for a steep burst to the upside.

Pseudonymous analyst Kaleo tells his 594,500 X followers that PEPE is probably going organising for a parabolic rally to a degree final seen in Might of this yr.

However earlier than the explosive worth rise, Kaleo expects PEPE to take a fast dip with the intention to retest a excessive timeframe diagonal resistance as assist.

“Looks as if the likelier path at this level to see a little bit of a dip earlier than working up.” 

Trying on the dealer’s chart, he seems to foretell that Pepe will tumble to round $0.0000011 previous to a surge at round $0.0000019.

Kaleo’s prediction seems to stem from an analogous market construction that he noticed on PEPE’s five-minute chart the place the altcoin took out a diagonal resistance earlier than occurring a parabolic surge.

“Manifesting this.” 

At time of writing, PEPE is value $0.00000134.

As for Dogecoin, Kaleo predicts that the highest memecoin will outperform Bitcoin (DOGE/BTC) within the coming weeks.

“DOGE nonetheless seems fairly, fairly stable.” 

Primarily based on the chart, it seems that Kaleo sees DOGE/BTC surging effectively above 0.000004 BTC ($0.12) on the finish of the month. At time of writing, the pair is buying and selling at 0.00000259 BTC value $0.076.

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