A crypto analyst with a large following predicts that Pepe, a competitor to Dogecoin (DOGE), is preparing for a significant increase in value.

The analyst, who goes by the name Kaleo and has over half a million followers on X, suggests that PEPE may experience a parabolic surge, reaching levels not seen since May of this year.

PEPE could see a parabolic surge

However, Kaleo anticipates that before the price jump, PEPE may briefly drop in order to retest a high timeframe diagonal resistance as support.

“Seems like the likelier path at this point to see a bit of a dip before running up.”

Looking at the trader’s chart, he appears to predict that Pepe will tumble to around $0.0000011 prior to a surge at around $0.0000019.

It seems that Kaleo’s forecast is based on a market structure that he observed on PEPE’s five-minute chart, in which the altcoin surpassed a diagonal resistance prior to experiencing a rapid surge.

He expresses his belief in “manifesting this.” Currently, PEPE holds a value of $0.00000134.

In terms of Dogecoin, Kaleo anticipates that the leading memecoin will surpass Bitcoin (DOGE/BTC) in the next few weeks, stating that “DOGE still looks pretty, pretty solid.”

Altcoin Sherpa believes that DOGE could soon reach the $0.50 mark.

However, Sherpa advises that this increase may take some time, which could discourage long-term DOGE holders from investing in other opportunities.

DOGE prediction is out

Additionally, Sherpa cautions that other memecoins, such as Shiba Inu (SHIB) and Pepe (PEPE), could gain traction at the expense of DOGE.

“DOGE: A high probability/low IQ play is that you can just buy DOGE now and go into a coma and then wait for it to go to $0.30-$0.50 or even higher. It’s going to happen eventually.

Downsides are:

opportunity cost.
this could take a LONG time.
energy might go into SHIB or PEPE.”

Leave a Comment