Dogecoin Will Reach $0.10 ‘Slowly But Surely:' Analyst

A pseudonymous analyst has made a bullish prediction for Dogecoin DOGE/USD, 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.

See More: Top Indian Apps That Give Bitcoin, NFT Rewards

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.

Market News and Data brought to you by Benzinga APIs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Analyst Sees Dogecoin Reaching $0.10 'Slowly But Surely' Even As Rally Cools Down