A widely followed crypto strategist thinks that top memecoin Dogecoin (DOGE<\/a>) is gearing up for a steep move to the upside.<\/p>\n Pseudonymous analyst Kaleo tells<\/a> his 601,600 followers on the social media platform X that DOGE will eventually follow in the footsteps of altcoins that have printed strong gains over the last few days.<\/p>\n According to the analyst, DOGE may consolidate<\/a> in the short term before blasting off.<\/p>\n \u201cHonestly though \u2013 look at how beautiful the USD chart is.<\/em><\/p>\n The way alts are starting to pop off, I find it hard to believe Dogecoin doesn\u2019t see a squeeze out of its current range\u2026<\/em><\/p>\n Not too much of a change from last night for Dogecoin. I\u2019m prepared for a boring next few days before we really send if that\u2019s what it takes.\u201d<\/em><\/p>\n Looking at the trader\u2019s chart, he seems to predict that DOGE will rally above $0.083 by November 13th, representing gains of over 12% from current prices in less than a week.<\/p>\n Kaleo says<\/a> that his bullish stance on Dogecoin is supported by the price action of the Dogecoin versus Bitcoin (DOGE\/BTC<\/a>) chart. According to Kaleo, DOGE\/BTC is now trading above a year-long diagonal resistance.<\/p>\n \u201cDOGE\/BTC pair has broken out.\u201d<\/em><\/p>\n Based on the trader\u2019s chart, he seems to predict that DOGE\/BTC will soar to as high as 0.00000550 BTC ($0.19). At time of writing, the pair is trading for 0.00000209 BTC worth about $0.074.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>
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