Crypto: Why is Dogecoin (DOGE) challenging the bear market?

For the past few weeks, more and more analysts have spoken out about Dogecoin (DOGE). Interest stimulated by the arrival of Elon Musk at the head of Twitter. As a reminder, the billionaire is considered by members of the community as the main maker of this market. He is also one of the largest crypto holders. Many believe that crypto could be accepted on Twitter in the future. Polygon is currently one of the hottest ecosystems. It is increasingly widely adopted and offers many solutions. For crypto trader Kaleo, these two tokens have great potential.

For DOGE, a jump of 50% or more?

On Twitter, well-known crypto analyst Kaleo recently spoke out about the potential of Dogecoin (DOGE) and Polygon (MATIC). As a reminder, Polygon is an altcoin based on Ethereum. 1er November, he claimed that DOGE could reach $0.20 and above if certain conditions are met. But he tempered his remarks by indicating that he had to wait. Throughout the week, he reminded his followers that if DOGE price bounced back off a neckline, which he had drawn, DOGE would experience explosive growth. “DOGE is making a slow return to the base of its uptrend, where I see a solid rebound on the way to $0.20+”he wrote.

Finally, the neck line was touched on November 4, which is a input signal on the market.

The analysis on the DOGE

Same scenario for Polygon (MATIC)?

Kaleo and all too optimistic for Polygon (MATIC). He says he expects the MATIC to first break through the $1 price level and then continue to climb. Currently, the Ethereum-based crypto is trading around $0.95.

“MATIC/USD is approaching highs. I am once again here to remind you that MATIC is under $1 and too cheap. The breakout above this area will be explosive when it happens”he wrote.

His point of view on MATIC

With a community of 538,000, Kaleo is one of the most followed crypto traders on Twitter. According to him, DOGE and MATIC will offer solid growth in the coming days. An opportunity that he invites his followers to scrutinize. He recently stated that BTC will experience a sharp rally.

Receive a digest of news in the world of cryptocurrencies by subscribing to our new service of newsletter daily and weekly so you don’t miss any of the essential Tremplin.io!

Similar Posts