Renowned cryptocurrency analyst Crypto Kaleo has made a groundbreaking prediction, foreseeing a significant rise in Dogecoin's price soon. According to Kaleo, the leading meme coin is overdue for an upward parabolic movement, and a correlation with GameStop's price movements supports this claim.

Kaleo drew parallels between Dogecoin and GameStop, noting that the latter's price surge in early 2021 paved the way for the meme coin era, triggering substantial price increases for top meme coins like Dogecoin and Shiba Inu. The analyst believes that Dogecoin's price movement will follow a similar pattern, as the DOGE/BTC ratio has yet to make the expected move.

While Kaleo predicts a potential price rise, he also acknowledges that a price drop may occur before the surge, deeming it a necessary correction. Other analysts, such as World of Charts and Jaydee, share similar sentiments, forecasting a breakout that could propel Dogecoin to $0.3, representing a 100% price increase.

As the cryptocurrency market eagerly awaits the potential surge, investors are advised to remain vigilant, as the timing of the rally is uncertain. Kaleo suggests that investors may need to wait a few days or weeks for Dogecoin's price movement to commence, attributing this to GameStop's yet-to-be-reached peak. With analysts and investors alike poised for a potential breakout, the stage is set for an exciting ride in the world of cryptocurrencies.