The post Crypto Veteran Turns Bullish On Dogecoin, But What About Shiba Inu? appeared on BitcoinEthereumNews.com.

Crypto veteran Peter Brant has become bullish on Dogecoin (DOGE). At the same time, Shiba Inu (SHIB), the second-largest meme coin’s outlook is also bullish. However, the on-chain analytics platform Santiment suggested that investors might have to wait a while to witness new highs.  Crypto Veteran Turns Bullish On Dogecoin Crypto veteran Peter Brandt has turned bullish on Dogecoin. In a recent X post, he suggested that the foremost meme coin could enjoy a massive rally soon enough. Brandt highlighted a channel breakout on the DOGE chart, which he shared. Based on the chart, Dogecoin could rise to its current all-time high (ATH) of $0.7 if it breaks above that channel.  Source: X The trader also remarked that the longer term could be constructive. He highlighted a historical inverse head-and-shoulders pattern that had previously formed on DOGE’s chart before it broke out. Dogecoin looks to have completed this pattern again and is ready for a breakout to the upside. Based on his accompanying chart, the trader’s price target for the meme coin in the long term is $2.5.  Source: X This provides a more bullish outlook for Dogecoin, considering that most crypto analysts like Crypto Kaleo have predicted that the meme coin would at least reach $1 in this bull run. Kaleo recently reaffirmed his prediction again, stating that DOGE to $1 isn’t a “meme.” Crypto analyst Master Kenobi stated that Dogecoin’s rise to $1 could mirror Bitcoin’s 2017 rally from $10,000 to $20,000 in just under two weeks. However, he is confident DOGE’s rally from $0.10 to $1 could even be faster. Master Kenobi also believes that the meme coin could still rally to $2 or higher, just like Brandt predicts. He stated that Dogecoin’s rally from $1 to $2 could happen “in a single day, or two at…

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Filed under: News - @ September 28, 2024 11:02 pm