Crypto analyst ProjectSyndicate has revealed its Dogecoin price prediction, suggesting that DOGE can reach the long-awaited price. $1 price level in this cycle. The analyst also recommended market participants to consider buying and selling the top coin.
Dogecoin Price Prediction Shows DOGE Can Reach $1 This Cycle
In a TradingView articleProject Syndicate made its Dogecoin price prediction, which showed that DOGE could reach the psychological level $1 price level This year. Specifically, the analyst’s attached chart revealed that the top coin could reach this price target by mid-2025.
This corresponds to Galaxy Search Dogecoin price prediction that DOGE could reach the $1 price level, thus reaching the $100 billion market cap milestone. Crypto analyst CROW also recently set the $1 target for Dogecoin once it breaks out of a multi-year trendline. A rally to this price level would mark a new all-time high (ATH) for the meme coin.
Meanwhile, ProjectSyndicate also took the time to discuss the current price action of Dogecoin. Analyzing the daily price chart of DOGE, he noted that a current pullback is underway. However, the crypto analyst added that the price chart still looks strong with a streak of higher lows.
The crypto analyst also noted that the price of Dogecoin saw a nice rise from $0.08 to $0.40, marking a 500% gain. ProjectSyndicate further revealed that DOGE is currently recharging and preparing for a new bull run to trigger the support and resistance zone at $1. He added that the consolidation of this decision is not yet complete and will take 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, he advised the bulls to take profits at $1, which represents a 500% gain.
Analyst Confirms $1 Target Is Imminent
Crypto analyst Tardigrade Merchant also gave its Dogecoin price prediction, stating that DOGE is on its way to the $1 benchmark. The crypto analyst noted that a retracement often occurs before a massive spike. Interestingly, the analyst’s attached chart shows that Dogecoin could reach this $1 price level as soon as March.
Trader Tardigrade also raised the possibility that the Dogecoin price could rally back up to $2 during this cycle. He revealed that DOGE replicates itself its previous cyclewith a similar parallel line from the last cycle unfolding again. The crypto analyst noted that this was not a coincidence and claimed that $2 is a reasonable target for the 2025 cycle.
At the time of writing, Dogecoin price is trading at around $0.33, down more than 2% in the last 24 hours, according to data from CoinMarketCap.
Featured image created with Dall.E, chart from Tradingview.com