Dogecoin (DOGE), the flagship meme coin and the world's favorite crypto asset, is likely to receive a major timely boost in the near future. According to popular crypto analyst Kaleo, the price may rise by up to 150% from current levels, reaching $0.25. Kaleo’s followers on Twitter are also confident that a price increase is imminent, as the analyst believes the coin is being drawn to the $0.25 mark due to an increase in its buying pressure.

Kaleo’s chart seems to confirm his prediction, as the coin could rise to this level and then retrace to $0.1350. The trigger of this surge could be Elon Musk himself, as the world's second-richest person is known for his connection with the meme coin. With April 20 (4/20), a date he is fond of making a meme theme out of, already approaching, Kaleo believes that Musk will have another joke up his sleeve, setting off the Dogecoin rally.

Musk is already being one of the major driving forces behind Dogecoin’s price, as earlier this week, he changed Twitter’s bird logo to an image of the Shiba Inu dog which the DOGE's face. This move was followed by a massive price rally of over 30%. At present, Musk has been served a $258 billion lawsuit from a group of investors, who are claiming that the billionaire hyped the price of the Dogecoin to an all-time high of 75 cents, before it crashed to under 10 cents. Regardless of the outcome of this lawsuit, the coin is likely to register a foray in the future, encouraged by Musk’s frequent interactions.



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