{"id":5651,"date":"2024-12-03T12:03:34","date_gmt":"2024-12-03T11:03:34","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=5651"},"modified":"2024-12-03T12:03:34","modified_gmt":"2024-12-03T11:03:34","slug":"is-it-time-to-part-ways-with-your-dogecoin-analyst-predicts-a-double-digit-price-peak","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/03\/is-it-time-to-part-ways-with-your-dogecoin-analyst-predicts-a-double-digit-price-peak\/","title":{"rendered":"Is It Time to Part Ways with Your Dogecoin? Analyst Predicts a Double-Digit Price Peak"},"content":{"rendered":"

<\/p>\n

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Cryptocurrency expert <\/span>Trader Tardigrade<\/span><\/a> has indicated that now may not be the right time to sell Dogecoin at its existing price point. This statement was made while he suggested a profit-taking zone for the leading meme coin in this market cycle.<\/span><\/p>\n

Dogecoin Price Peak May Reach Double Digits<\/h2>\n

In an X post, Trader Tardigrade pointed out that the Dogecoin price at the peak of <\/span>this bullish run<\/span><\/a> might be within double digits. He mentioned that the profit-taking zone for Dogecoin is situated between $10 and $30 in this cycle, implying that the meme coin could ascend at least to $10 from its current price level.<\/span><\/p>\n

The cryptocurrency analyst developed these Dogecoin price targets based on the price movements in the <\/span>2021 bullish run<\/span><\/a>. He explained that the target is calculated from the lowest point to the previous all-time high (ATH), after which the DOGE doubled this prior ATH as a baseline and then illustrated a triangle, which he pointed out as the profit-taking zone.<\/span><\/p>\n

Source: X<\/figcaption><\/figure>\n

In accordance with this, Trader Tardigrade advised market participants to begin securing profits at the $10 mark. His accompanying chart indicated that the Dogecoin price could achieve these double-digit goals sometime next year, although it failed to provide a specific timeline.<\/span><\/p>\n

It\u2019s important to note that <\/span>Trader Tardigrade had forecasted<\/span><\/a> that DOGE could hit $30 by March 2025 if it replicates the 2021 bullish run. He also anticipated that the meme coin might surge to $8.7 by August 2025 if it parallels its 2016 bullish run. Analyst Ali Martinez also predicted that Dogecoin could rise as high as $23 in this market cycle.<\/span><\/p>\n

Nevertheless, cryptocurrency analyst <\/span>Master Kenobi recently commented<\/span><\/a> that any target surpassing $5 for Dogecoin in this market cycle is overly ambitious. He based this statement on what DOGE\u2019s market capitalization would be should the meme coin exceed targets above $5, which he believes is unattainable in this bullish run.<\/span><\/p>\n

Cautious Targets To Keep In Mind<\/h2>\n

In an X post, cryptocurrency analyst <\/span>Kevin Capital<\/span><\/a> referred to Dogecoin price targets he had previously established for the meme coin in this market cycle. The analyst projected that DOGE could hit $0.93 if it experiences a \u201csolid performance\u201d during this bullish run.<\/span><\/p>\n

Conversely, he hypothesized that DOGE could surge as high as $2.27 if it achieves a \u201csignificant outperformance\u201d and <\/span>attain $3.80<\/span><\/a> if it exhibits an \u201cextraordinary performance.\u201d In his recent X post, the cryptocurrency analyst also stated that any price range within these targets is plausible. He noted that he finds between $1.30 and $1.50 to be a notable point on his macro chart.<\/span><\/p>\n

\"Dogecoin
Source: X<\/figcaption><\/figure>\n

At the moment of writing, the Dogecoin price is trading around $0.42, having decreased over 2% in the last 24 hours, according to <\/span>data<\/span><\/a> from CoinMarketCap.<\/span><\/p>\n

\"Dogecoin
DOGE sell-offs triggers crash | Source: DOGEUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n

Featured image created with Dall.E, chart from Tradingview.com<\/p>\n<\/p><\/div>\n


\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Cryptocurrency expert Trader Tardigrade has indicated that now may not be the right time to sell Dogecoin at its existing price point. This statement was made while he suggested a profit-taking zone for the leading meme coin in this market cycle. Dogecoin Price Peak May Reach Double Digits In an X post, Trader Tardigrade pointed<\/p>\n","protected":false},"author":3,"featured_media":5652,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[275],"class_list":{"0":"post-5651","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"tag-gptreturn-a-list-of-comma-separated-tags-from-this-title-thinking-of-selling-your-dogecoin-already-crypto-analyst-puts-price-top-in-the-double-digits-gpt"},"yoast_head":"\nIs It Time to Part Ways with Your Dogecoin? 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