Cryptocurrency analyst ProjectSyndicate has revealed his Dogecoin price prediction, suggesting that DOGE could reach the long-awaited price. Price level is $1 In this course. The analyst also recommended when market participants should consider buying and selling the first meme coin.
Dogecoin price prediction shows that DOGE could reach $1 this cycle
In a TradingView ShareProject Syndicate made a Dogecoin price prediction, which showed that DOGE could reach a psychological level Price level is $1 this year. Specifically, the analyst’s accompanying chart revealed that the top meme coin could reach this target price by mid-2025.
This is consistent with Galaxy Research Dogecoin price prediction that DOGE may reach the $1 price level, reaching $100 billion market cap in the process. Cryptocurrency analyst CROW also recently set a $1 target for Dogecoin once it breaks out of a multi-year trend line. A rise to this price level would mark a new all-time high (ATH) for the meme coin.
Meanwhile, ProjectSyndicate also took some time to discuss Dogecoin’s current price action. Analyzing the daily price chart of DOGE, he indicated that the current pullback is in progress. However, the cryptocurrency analyst added that the price chart still looks strong with a series of higher lows.
The cryptocurrency analyst also noted how Dogecoin price made a nice rise from $0.08 to $0.40, representing a 500% gain. ProjectSyndicate also revealed that DOGE is currently reloading and preparing for New bull race To trigger the support and resistance area at $1. He added that the integration of this step has not been completed yet, and requires more time.
ProjectSyndicate also recommended a buy and sell strategy for DOGE Bulls. He said they should buy and hold when Dogecoin price approaches $0.20 in the reaccumulation range during this pullback and consolidation phase. On the other hand, bulls advised taking profits at $1, which represents a 500% profit.
The analyst confirms that the $1 target is imminent
Cryptographic analyzer Slow growing trader He also gave his Dogecoin price prediction, noting that DOGE is on its way to the $1 benchmark. The cryptocurrency analyst noted that a bounce often occurs before a massive rally. Interestingly, the accompanying analyst chart showed that Dogecoin could reach the $1 price level as early as March.
Trader Tardigrade also raised the possibility of Dogecoin price rising to $2 this cycle. It is revealed that DOGE is recurring its previous sessionwith a similar parallel line from the last cycle appearing again. The cryptocurrency analyst noted that this is no coincidence and emphasized that $2 is a reasonable target for the 2025 cycle.
At the time of writing, Dogecoin price is trading at around $0.33, down over 2% over the past 24 hours, according to Data From Coin Market Cap.
Featured image created with Dall.E, chart from Tradingview.com
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