Crypto Trader Says, DOGE Is ‘Waking Up’ After Hitting Rock Bottom

A crypto expert that a lot of people listen to says that Dogecoin (DOGE) has hit bottom and is about to make a big move up.

The expert Kaleo tells his 575,900 Twitter followers that the dog meme token’s price could go up by about 15% from where it is now.

Says Kaleo,

“DOGE is waking up.”

The crypto trader says that Dogecoin hit its lowest price of $0.0815 on Wednesday.

“This was the bottom btw (by the way).”

His chart shows that DOGE broke up from a downward triangle pattern, which is a sign of a bullish trend reversal. He thinks the price will go up a lot from $0.0815.

“Looks primed for a quick bounce from here though.”

He says that Dogecoin is almost at the $0.100 level if it can break through the $0.0873 downward trendline support level.

“Break above the line, and accelerate back to ten cents with haste.”

When software entrepreneur Elon Musk changed Twitter’s emblem to the DOGE logo earlier this month, DOGE rose more than 30% to $0.10.

But that DOGE rise didn’t last long. A few days later, when Musk changed Twitter’s logo back to the well-known blue bird, the meme coin lost its value.

At the time of this writing, Dogecoin is worth $0.0870, which is a nearly 6% increase in the last 24 hours. DOGE is the eighth biggest cryptocurrency by market capitalization right now.