According to Crypto analyst ProjectSyndicate, he has shared his forecast for Dogecoin, implying that DOGE may attain the eagerly awaited $1 mark during this market cycle. Moreover, he offered insights on optimal times for investors to consider purchasing or selling the popular meme coin.
Dogecoin Price Prediction Shows DOGE Can Hit $1 This Cycle
In a recent TradingView post, Project Syndicate shared their Dogecoin (DOGE) price forecast, indicating that the cryptocurrency might hit the $1 mark by the end of this year. More specifically, the analyst’s chart suggests that DOGE could potentially reach this price milestone around mid-2025.
According to Galaxy Research’s Dogecoin forecast, and as supported by Crypto analyst CROW, Dogecoin has the potential to reach $1 per coin, thereby achieving a market cap of $100 billion. This prediction suggests that Dogecoin could break its previous record high if it reaches this price point.
In addition, ProjectSyndicate delved into the ongoing movement in Dogecoin’s price. Examining the day-to-day DOGE price graph, he observed that a present correction is underway. Yet, the crypto expert pointed out that the chart continues to show strength, demonstrating a pattern of increasing bottoms.
The crypto analyst pointed out the impressive surge of Dogecoin’s price, which climbed from $0.08 to $0.40 – a 500% increase. According to ProjectSyndicate, Dogecoin appears to be gathering strength and gearing up for another bull run that could push its price into the support and resistance zone of $1. However, he cautioned that the consolidation for this move isn’t over yet, and additional time is needed.
ProjectSyndicate suggests a buy-and-hold approach for DOGE investors during the current pullback and consolidation period, specifically when Dogecoin’s price is close to $0.20 within its re-accumulation range. Meanwhile, he advises taking profits at $1, which represents a potential gain of 500%.
Analyst Confirms $1 Target Is Imminent
Crypto expert Trader Tardigrade has provided his forecast for Dogecoin, asserting that DOGE is heading towards the significant milestone of $1. The crypto analyst emphasized that a temporary dip or retracement is usually seen before a substantial surge. Remarkably, the analyst’s chart indicates that Dogecoin could potentially reach this $1 price point as soon as March.
Trader Tardigrade proposed the idea that the price of Dogecoin could potentially reach as high as $2 during its current cycle. He explained that Dogecoin appears to be mirroring its previous pattern, with a similar trajectory from the past cycle repeating itself once more. The crypto analyst emphasized that this isn’t just by chance and suggested that $2 represents a reasonable goal for the Dogecoin price in the 2025 cycle.
Currently, as I’m typing this, the value of Dogecoin is approximately $0.33 per coin. Over the past day, it has dropped by more than 2%. These figures are based on information provided by CoinMarketCap.
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2025-01-10 23:11