Dogecoin (DOGE) future path It is still being discussed intensely, as cryptocurrency analysts consider which direction the first memecoin is headed. Cryptocurrency analyst, Captain Toblerone, comes into the spotlight, considering how this happened Above all is a meme coin Price action continued to match his expectations.
DOGE crash of 30% is still in play
In X (formerly Twitter) mailCaptain Toblerone mentioned that Dogecoin It will see a 30% drop in price from its current price level. He further claimed that the next reload zone is $0.108. He predicted it Dogecoin That would achieve 1300% upside from this level, indicating that one should gain 13x the reload area.
A 1,300% move for Dogecoin means the meme coin will rise to $1.5. This prediction is consistent with other predictions he made Cryptocurrency analysts like Ali Martinezfrom pridect The meme coin could reach $1 this cycle. This also seems possible given that cryptocurrency analyst Kevin (formerly known as OG Yomi) Hinted once To Dogecoin's move in previous bull markets, which is why the meme coin rose above $3.
However, while Dogecoin appears poised to make such a rewarding move, Pav HundalWhat could prevent the meme coin from reaching $1, explained the lead analyst at the Australian Stock Exchange Swyftx. He alluded to the fact that some Dogecoin holders bought the meme at the peak of the recent bull market.
He believes that these holders will look to take profits once DOGE hits a new all-time high (ATH) in this bull cycle. So, depending on the volume, this selling pressure could derail the meme coin from reaching $1. He also noted that DOGE may see enough liquidity to push it to that level since more Meme coins Available on the market now.
but, Crypto analyst Rekt Capital He disagrees with Hundal. Dogecoin has been described as “one of the most cyclical altcoins in the space.” Therefore, he expects the meme to make a parabolic move, as it did in previous cycles.
Dogecoin could actually drop to $0.10
CrediBULL Crypto Cryptocurrency Analyst He also expected Dogecoin to fall to as low as $0.10. However, the analyst expects the meme coin to first see a relief pump and rise to Up to $0.18. He revealed that he would look to short the meme coin at the $0.18 price level as it drops to $0.10.
However, Dogecoin is not the only coin that CrediBULL Crypto expects to decline significantly. He predicts that you will also like other memes pepper (pepper) And Dujoyfat (WIF) You will encounter a Price drop down menu Given the kind of gathering they enjoyed this year.
At the time of writing, Dogecoin is trading at around $0.16, up more than 4% over the past 24 hours, according to Data From Coin Market Cap.
Featured image created with Dall.E, chart from Tradingview.com