A Crypto Analyst Predicts Explosive Breakouts for Dogecoin, Avalanche, Bittensor, and Pudgy Penguins

A well-known crypto analyst has shared insights on potential price movements for various cryptocurrencies, suggesting that Dogecoin (DOGE), Avalanche (AVAX), Bittensor (TAO), and Pudgy Penguins (PENGU) could experience significant gains in the near future.

Dogecoin (DOGE)

The analyst believes that Dogecoin is on the verge of a bullish breakout if it manages to reclaim the $0.26 level as support. With a potential double bottom formation on the three-day chart, DOGE could surge by more than 109% to reach $0.46. At the time of writing, Dogecoin is trading at $0.22, down 8.2% in the last 24 hours.

Avalanche (AVAX)

According to the analyst, Avalanche could see a price increase of more than 55% if it successfully flips the $27 level into support. A breakout above $27 could propel AVAX towards the next target at $36. Currently, Avalanche is trading at $23.22, down 4.4% in the last 24 hours.

Bittensor (TAO)

The analyst suggests that Bittensor, an AI-focused crypto project, could surge by more than 81% to reach its range high of $740 after entering an uptrend. Currently trading at $409, TAO is down 5.5% in the last 24 hours.

Pudgy Penguins (PENGU)

Lastly, the analyst points out that Pudgy Penguins may be following a similar bullish price pattern as the memecoin Pepe. If the trend continues, PENGU could target $0.24 in the near term, with a long-term potential of reaching $1.30. Pudgy Penguins is currently trading at $0.0364, down 10.4% on the day.

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