Rallies for Dogecoin, Pepe, Polygon Are Around The Corner

It has been revealed that there are some rallies around the corner for important digital assets. Check out the latest predicitons below.

A crypto trader with a large following has made predictions about the rise of certain altcoins, including Dogecoin (DOGE) and Pepe (PEPE) memecoins.

The trader, known as Kaleo, believes that DOGE is headed for a bullish trend after breaking its diagonal resistance on the four-hour chart. Kaleo’s analysis suggests that if DOGE surpasses its horizontal resistance at $0.072, it could experience significant upward movements.

“We’ve already seen a decent resistance break for DOGE on the USD chart.

Expecting acceleration above a reclaim of $0.072 (early June pre-breakdown/capitulation level).”

At time of writing, DOGE is trading for $0.068.

Looking at fellow meme token Pepe, Kaleo believes that the altcoin is gearing up for a rally after moving above its diagonal resistance on the four-hour chart.

“Looking for PEPE to send to the high $0.0000020s from here for a leg up similar to the one we saw mid-June.”

Currently, the value of PEPE stands at $0.00000172. The strategist is also closely monitoring Polygon (MATIC), which is a scaling solution for Ethereum (ETH). According to Kaleo, if MATIC manages to regain $0.75 as support, its value could rise above $1.00.

“Don’t want to get too greedy. Content with a move to just over $1.00 for MATIC in USD.”

According to Real Vision founder Raoul Pal, he continues to hold a positive outlook on digital assets despite the bear market.

He has recently increased his investment in one of Ethereum’s (ETH) top competitors and shared a portfolio update during a Bankless interview. Pal, a former executive at Goldman Sachs, remains confident in his investment decisions.

“I don’t change it a lot. I’m very consistent in what I do. It’s still about 80% Solana, a small bit of Bitcoin, and a handful of other things that I bought just to feel the price. I don’t mention them on Twitter because then everyone destroys you and attacks you… Basically, it’s the same portfolio that I’ve had and I don’t really change it…”