A widely known crypto-focused analyst anticipates that a major rally is approaching to meme coins Shiba Inu (SHIB) and Dogecoin (DOGE). According to pseudonymous analyst Kaleo, Dogecoin is nearly ready to break above the roadblock of diagonal resistance on the elevated timeframe (HTF) price of $0.10 and soar to $0.25. At the moment of writing, DOGE is at $0.093.

The expert likewise has a firm eye on the increasing potential of SHIB, expecting it to push above the diagonal resistance measurement of around $0.0000115. After managing to do this, SHIB can see a major rally of 1.5x to 2x, which potentially equates to an increase of up to 100%, considering that meme coins have demonstrated a large climb in the past. At present, SHIB is at $0.0000112.

The crypto trader expressed his viewpoint saying that Dogecoin is the better option to trade but SHIB will rise in unison. He additionally mentioned why it is important to zoom out and observe the large picture. Kaleo justifies that the rally may seem like a big surge as the altcoins have traditionally not seen an uprising in a while, however, when meme coins rally, they often surge significantly high.

The trader has a massive 572,200 followers on Twitter and many traders rely on his words before creating their investment or trading decisions. This can provide a considerable amount of validity to his aforesaid predictions. We will just have to wait and see if Dogecoin and SHIB manage to break above the resistance and rocket up as the crypto trader predicts.



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