Crypto analyst ProjectSyndicate has released its Dogecoin price prediction, suggesting that DOGE can reach the highly anticipated levels Price level $1 in this cycle. The analyst also recommended when market participants should consider buying and selling the main meme coin.
Dogecoin price prediction shows that DOGE can reach $1 in this cycle
In one TradingView postProject Syndicate made its Dogecoin price prediction, which showed that DOGE could reach the psychological value Price level $1 this year. Specifically, the analyst’s accompanying chart showed that the leading meme coin could reach this price target by mid-2025.
This agrees with Galaxy research The Dogecoin price prediction assumes that DOGE could reach the $1 price level, thereby reaching the $100 billion market cap milestone. Crypto analyst CROW also recently set a $1 target for Dogecoin once it breaks out of a multi-year trend line. A recovery to this price level would mark a new all-time high (ATH) for the meme coin.
Meanwhile, ProjectSyndicate also took the time to discuss Dogecoin’s current price performance. While analyzing the daily price chart for DOGE, he noticed that a decline is currently underway. However, the crypto analyst added that the price chart still looks strong with a series of higher lows.
The crypto analyst also noted that Dogecoin price saw a nice increase from $0.08 to $0.40, a 500% increase. ProjectSyndicate also revealed that DOGE is currently undergoing a reload and is preparing for one new bull run to trigger the support and resistance zone at $1. He added that consolidation for this step is not yet complete and more time is needed.
ProjectSyndicate also recommended a buying and selling strategy for DOGE bulls. He said they should buy and hold if the Dogecoin price is near $0.20 in the reaccumulation zone during this pullback and consolidation phase. On the other hand, he advised the bulls to take profits at $1, which would be a 500% profit.
Analyst confirms $1 target is imminent
Crypto analyst Trader Tardigrade also gave his Dogecoin price prediction and stated that DOGE is on its way to the $1 benchmark. The crypto analyst noted that a retracement often occurs before a massive increase. Interestingly, the analyst’s accompanying chart showed that Dogecoin could reach this $1 price level as early as March.
Trader Tardigrade also pointed out the possibility that Dogecoin price could rise to as high as $2 this cycle. He revealed that DOGE is replicating his previous cyclewith a similar parallel line from the last cycle unfolding again. The crypto analyst noted that this was no coincidence and claimed that $2 is a reasonable target for the 2025 cycle.
At the time of writing, Dogecoin price is around $0.33, down over 2% in the last 24 hours Data from CoinMarketCap.
Featured image created with Dall.E, chart from Tradingview.com