Cryptographic analyzer Slow growing trader He suggested that it is too early to sell Dogecoin at its current price level. This came about because it presented a profit-taking zone for the most important meme coin in this market cycle.
The highest price of Dogecoin can be in double digits
In X’s post, Trader Tardigrade noted that the price of Dogecoin is at an all-time high That’s bull run It can be in double numbers. He stated that Dogecoin’s profit-taking zone is between $10 and $30 this cycle, indicating that the meme coin will at least rise to $10 from its current price level.
Cryptocurrency analyst created these Dogecoin price targets based on the price action in Bull Racing 2021. According to him, the target is measured from below to the previous ATH, and then DOGE multiplies this previous ATH as a base and then displays a triangle, which he highlights as a take profit zone.
In line with this, Trader Tardigrade asked market participants to start locking in profits at $10. The accompanying chart showed that Dogecoin’s price could reach these double-digit targets sometime next year, though it didn’t show exactly when.
It is worth noting that The merchant has predicted Tardigrade DOGE could reach $30 by March 2025 if it reverses the uptrend of 2021. He also predicted that the meme coin could rise to $8.7 by August 2025 if it reversed its uptrend of 2016. Cryptocurrency analyst Ali Martinez also predicted that Dogecoin could reach $23 this market cycle.
However, cryptanalyst Master Kenobi stated recently Any target exceeding $5 for Dogecoin in this market cycle is unrealistic. He made this claim regarding DOGE’s market cap if the meme reached targets above $5, which he believes cannot happen in this uptrend.
Conservative goals to be careful of
Posted by X, Cryptocurrency Analyst Kevin Capital He alluded to the Dogecoin price targets he previously set for the meme coin this market cycle. The analyst expects DOGE to reach $0.93 if it enjoys a “good performance” in this uptrend.
Meanwhile, expect DOGE to rise to $2.27 if it enjoys “tremendous performance” and Up to $3.80 If he recorded an “astronomical performance.” In his recent post on X, the cryptocurrency analyst also mentioned that anything in between these goals is also possible. He added that he sees between $1.30 and $1.50 as a point of interest on his overall chart.
At the time of writing, Dogecoin’s price is trading at around $0.42, down more than 2% over the past 24 hours, according to Data From Coin Market Cap.
Featured image created with Dall.E, chart from Tradingview.com