Crypto analyst, ProjectSyndicate has revealed its Dogecoin price prediction, suggesting that DOGE could reach its high expectations. A price level of $1 in this cycle. The analyst also recommended when market participants should consider buying and selling the premium meme coin.
Dogecoin Price Prediction Shows DOGE May Hit $1 This Cycle
In a TradingView postProject Syndicate made its Dogecoin price, which showed that DOGE can reach the mind. A price level of $1 this year. Specifically, the chart accompanying the analyst revealed that the premium meme coin could reach this price in mid-2025.
This is compatible Galaxy Research’s The Dogecoin price prediction is that DOGE may reach the $1 price level, reaching a market cap of $100 billion in the process. Crypto analyst CROW also recently set a $1 target for Dogecoin if it breaks out of a multi-year streak. A rally to this price level will mark a new all-time high (ATH) for the meme coin.
Meanwhile, ProjectSyndicate also took the time to discuss Dogecoin’s current price action. Analyzing the daily price chart of DOGE, he noted that the current reversal continues. However, the crypto analyst added that the price chart still looks strong with a sequence of high lows.
The crypto analyst also noted that the price of Dogecoin had a great run from $0.08 to $0.40, marking a 500% gain. ProjectSyndicate also revealed that DOGE is currently reloading and preparing a new bull run to trigger the support and resistance area at $1. He added that the integration of this initiative is not yet complete, and more time is needed.
ProjectSyndicate also recommended the buy and sell strategy of DOGE bulls. He said they should buy and hold when the price of Dogecoin is close to $0.20 in the range of regrouping during this pull and strengthen phase. On the other hand, he advised the bulls to take profit at $1, which represents a 500% profit.
Analyst Confirms $1 Target Is Near
Crypto analyst Trader Tardigrade and gave his Dogecoin price forecast, saying that DOGE is on its way to the $1 bench. The crypto analyst noted that pullbacks often occur before a major spike. Interestingly, the chart accompanying the analyst showed that Dogecoin could reach this price level of $1 at the beginning of March.
Trader Tardigrade also suggested that the price of Dogecoin may reach as high as $2 in this cycle. He pointed out that DOGE is imitating its previous cyclewith the same parallel line from the last cycle opening again. A crypto analyst noted that this is not a coincidence and asserted that $2 is a reasonable goal for the 2025 cycle.
At the time of writing, the price of Dogecoin is trading around $0.33, down more than 2% in the last 24 hours, according to the report. data from CoinMarketCap.
The featured image was created with Dall.E, a chart from Tradingview.com