- A well-known crypto analyst is bullish on the popular meme coin Dogecoin (DOGE).
- Another respected analyst projects significant rallies for two meme coins.
- Noteworthy projections suggest a substantial upward movement in the meme coin market.
Discover the latest price predictions for Dogecoin, PEPE, and Popcat, and the anticipated explosive rallies in the meme coin space.
DOGE Price Prediction: The Original Meme Coin Could Soar by 1,500%
As observed by many in the crypto community, the market is currently in a state of flux. However, the well-regarded analyst Kaleo forecasts a potential surge for Dogecoin, estimating an increase of between 700% and 1,500% from its current level. “I still believe we are in a meme coin super cycle. We are likely to see DOGE rise to $1 – $2. History suggests we have a bit of time to prepare for this move,” stated Kaleo. On the potential timeline for this bullish trend, Kaleo added:
Each of these movements (previous DOGE rallies) took approximately eight to nine months before beginning to pump after the Bitcoin halving. As we are just two months past the latest Bitcoin halving, an actual breakout/movement might not happen until December – February, which aligns better with the trend.
Currently, DOGE is trading at $0.125. However, Kaleo warns that Dogecoin could dip by up to 36% before rising. The analyst elaborates:
Considering this, it wouldn’t be surprising to see the current uptrend drop to the eight to ten cent range, retracting the rise from around $0.09 to $0.22 seen in February. A similar 30% correction occurred back in August 2020, just before DOGE gained mainstream traction and began its massive ascent.
PEPE Price Prediction: Poised for a Surge!
Analyst Bluntz suggests that PEPE appears ready to initiate a five-wave rise, consistent with patterns observed in bullish assets following an ABC correction, as detailed by Elliott Wave theory. According to Bluntz, PEPE has concluded its ABC correction and is set for a rally towards $0.0000145. The analyst explains:
I favor PEPE here. You can see the five-wave rise and completion of the ABC correction. It’s one of the few that isn’t collapsing and hitting new lows.
POPCAT Price Prediction: Memecoin Ready for a Powerful Bounce!
Following PEPE, Bluntz turns his attention to another meme coin, Popcat (POPCAT). The analyst believes that Popcat, based on Solana (SOL), has also completed its correction. Bluntz comments on Popcat:
POPCAT is heating up with a robust bounce from the lows. We’re seeing a five-wave upward movement on the daily chart and a significant ‘take off’ following the ABC correction. It now seems that the correction is complete. Meme coins appear to be making a comeback, baby.
Bluntz indicates that before Popcat initiates a rally to all-time highs in March, it mirrors the market structure of the meme coin dogwifhat (WIF). The analyst notes, “POPCAT looks fun for the fractal. Where have I seen this structure before?”
Conclusion
The bullish outlook on Dogecoin (DOGE), PEPE, and Popcat (POPCAT) suggests the potential for substantial rallies in the meme coin market. Analysts forecast these trends based on historical patterns and technical analysis, urging investors to stay informed and conduct thorough research before making any investment decisions. As the crypto market remains unpredictable, staying updated on price movements and trends is crucial for navigating future developments.
