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Dogecoin

Thinking Of Selling Your Dogecoin Already? Crypto Analyst Puts Price Top In The Double-Digits

Scott Matherson
by Scott Matherson
10 months ago
·
Posted in Altcoin News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Crypto analyst Trader Tardigrade has suggested it is too early to sell Dogecoin at its current price level. This came as he provided a profit-taking zone for the foremost meme coin in this market cycle. 

Dogecoin Price Top Could Be In Double Digits

In an X post, Trader Tardigrade indicated that the Dogecoin price at the top of this bull run could be in double digits. He stated that the Dogecoin profit-taking zone is between $10 and $30 in this cycle, suggesting that the meme coin would at least rally to as high as $10 from its current price level. 

Related Reading: Dogecoin Price Prediction: Breakout From Ascending Triangle Says DOGE Is Headed For This Next Critical Level

The crypto analyst made these Dogecoin price targets based on the price action in the 2021 bull run. According to him, the target is measured from the bottom to the previous ATH, after which the DOGE doubled this previous ATH as a base and then projected a triangle, which he highlighted as the profit-taking zone. 

Dogecoin 1
Source: X

In line with this, Trader Tardigrade told market participants to start securing profits at $10. His accompanying chart showed that the Dogecoin price could reach these double-digit targets sometime next year, although it didn’t show when exactly. 

It is worth mentioning that Trader Tardigrade had predicted that DOGE could reach $30 by March 2025 if it mirrors the 2021 bull run. He also predicted that the meme coin could rally to $8.7 by August 2025 if it mirrors its 2016 bull run. Crypto analyst Ali Martinez also predicted that Dogecoin could reach as high as $23 in this market cycle. 

However, crypto analyst Master Kenobi recently stated that any target above $5 for Dogecoin in this market cycle is unrealistic. He made this claim in relation to what DOGE’s market cap will be if the meme coin reaches targets above $5, which he believes cannot happen in this bull run. 

Conservative Targets To Watch Out For

In an X post, crypto analyst Kevin Capital alluded to Dogecoin price targets he had previously outlined for the meme coin in this market cycle. The analyst predicted that DOGE could reach $0.93 if it enjoys a “good performance” in this bull run. 

Related Reading: Dogecoin Price Is Flashing Its First Sell Signal Since This Bull Run Began, Analyst Reveals What To Watch Out For

Meanwhile, he predicted that DOGE could rally as high as $2.27 if it enjoys a “huge out performance” and reach $3.80 if it records an “astronomical performance.” In his recent X post, the crypto analyst also stated that anything in between these targets is also possible. He added that he sees between $1.30 and $1.50 as a point of interest on his macro chart. 

Dogecoin 2
Source: X

At the time of writing, the Dogecoin price is trading at around $0.42, down over 2% in the last 24 hours, according to data from CoinMarketCap. 

Dogecoin price chart from Tradingview.com
DOGE sell-offs triggers crash | Source: DOGEUSDT on Tradingview.com
Featured image created with Dall.E, chart from Tradingview.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Scott Matherson

Scott Matherson

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Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts. Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain.

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