A pseudonymous analyst has made a bullish prediction for Dogecoin (CRYPTO: DOGE), despite the meme coin seeing its rally from Monday cooling down.
What Happened: Kaleo told his 572,000 followers on Twitter that Dogecoin will reach $0.10 "slowly but surely."
Kaleo shared a chart showcasing Dogecoin’s upward momentum. The chart depicts DOGE’s rise from $0.98 levels to reaching $0.10 once again.
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This comes a day after Elon Musk replaced Twitter's blue bird logo with a Shiba Inu dog. DOGE spiked by over 30% on Monday and reached $0.10 within 30 minutes. However, on Tuesday DOGE was trading around the $0.98 range.
Price Action: At the time of writing, DOGE was trading at $0.096, down 1.30% in the last 24 hours, according to Benzinga Pro.
Read More: Dogecoin Creator In, Jack Dorsey Out? Apple Shortcut Checks Who’s Paying $8 For Elon Musk’s Twitter Blue
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