In a series of tweets the pseudonymous cryptocurrency strategist Kaleo shared with their over 500,000 followers on the microblogging platform, they revealed that $DOGe has broken out above its high time-frame downtrend, and could be targeting the $0.25 mark, in a price rally that would more than double its current value of $0.097.

The analyst also pointed to Dogecoin rival Shiba Inu, another meme-inspired cryptocurrency that has a substantial amount of tokens being held by long-term investors, demonstrating the token’s growing appeal among holders with a longer investment horizon.