(13 )   Dogecoin Price Prediction: Can DOGE Touch $1 This Cycle? Analyst Forecasts When You Should Buy And Sell

Cryptocurrency   -   Date Published: Jan 11th, 2025 

Crypto analyst ProjectSyndicate has revealed his Dogecoin value prediction, suggesting that DOGE can attain the much-anticipated $1 value degree on this cycle. The analyst additionally beneficial when market contributors ought to think about shopping for and promoting the foremost meme coin.

Dogecoin Worth Prediction Exhibits DOGE Can Hit $1 This Cycle

In a TradingView publish, Undertaking Syndicate made his Dogecoin value prediction, which confirmed that DOGE might attain the psychological $1 value degree this 12 months. Particularly, the analyst’s accompanying chart revealed that the foremost meme coin might attain this value goal by mid-2025.

 

Supply: TradingView

This aligns with Galaxy Analysis’s Dogecoin value prediction that DOGE might hit the $1 value degree, reaching the $100 billion market cap milestone within the course of. Crypto analyst CROW additionally not too long ago set the $1 goal for Dogecoin as soon as it breaks out from a multi-year trendline. A rally to this value degree would mark a brand new all-time excessive (ATH) for the meme coin.

In the meantime, ProjectSyndicate additionally took time to debate the present Dogecoin value motion. Analyzing the day by day value chart for DOGE, he famous present pullback is in progress. Nevertheless, the crypto analyst added that the worth chart nonetheless appears to be like robust with a sequence of upper lows.

The crypto analyst additionally famous how the Dogecoin value had a pleasant run from $0.08 to $0.40, marking a 500% acquire. ProjectSyndicate additional revealed that DOGE is at the moment reloading and preparing for a new bull run to set off the help and resistance zone at $1. He added that the consolidation for this transfer will not be full but, and extra time is required.

ProjectSyndicate additionally beneficial a purchase and promote technique for DOGE bulls. He mentioned they need to purchase and maintain when the Dogecoin value is close to $0.20 within the re-accumulation vary throughout this pullback and consolidation part. However, he suggested the bulls to take earnings at $1, representing a 500% acquire.

Analyst Confirms $1 Goal Is Imminent

Crypto analyst Dealer Tardigrade has additionally given his Dogecoin value prediction, stating that DOGE is on its option to the $1 benchmark. The crypto analyst famous retracement usually happens earlier than a large spike. Curiously, the analyst’s accompanying chart confirmed that Dogecoin might attain this $1 value degree as early as March.

Supply: TradingView

Dealer Tardigrade additionally raised the opportunity of the Dogecoin value rallying to as excessive as $2 on this cycle. He revealed that DOGE is replicating its earlier cycle, with an analogous parallel line from the final cycle unfolding once more. The crypto analyst remarked that that is no coincidence and asserted that $2 is an inexpensive goal for the 2025 cycle.

Supply: TradingView

On the time of writing, the Dogecoin value is buying and selling at round $0.33, down over 2% within the final 24 hours, in line with knowledge from CoinMarketCap.