Crypto analyst Trader Tardigrade has pointed out that it is too early to sell Dogecoin at the current price level. This happened as it created a profit-taking zone for the most important meme coin in this market cycle.
Dogecoin price peak could reach double digits
In an X post, trader Tardigrade pointed out that Dogecoin price is at the top this bull run could be double digits. He explained that Dogecoin’s profit-taking zone this cycle is between $10 and $30, suggesting that the meme coin would rise from its current price level to at least as high as $10.
The crypto analyst set these Dogecoin price targets based on the price movements Bull run 2021. According to him, the target is measured from the bottom to the previous ATH, after which DOGE doubled this previous ATH as a base and then projected a triangle, which he highlighted as a profit-taking zone.
Accordingly, trader Tardigrade urged market participants to start locking in profits at $10. Its accompanying chart showed that Dogecoin price could reach these double-digit targets sometime next year, although it did not specify when.
This is worth mentioning Trader Tardigrade had predicted it that DOGE could reach $30 by March 2025 if it mirrors the 2021 bull market. He also predicted that the meme coin could rise to $8.7 by August 2025 if it mirrors its 2016 bull run. Crypto analyst Ali Martinez also predicted that Dogecoin could reach as high as $23 this market cycle.
However, crypto analyst Master Kenobi recently stated: that a target of more than $5 for Dogecoin is unrealistic in this market cycle. He made this claim regarding DOGE’s market cap if the meme coin hits targets above $5, which he says cannot happen in this bull run.
Conservative goals to watch out for
In an X post, crypto analyst Kevin Capital referred to the Dogecoin price targets he previously laid out for the meme coin in this market cycle. The analyst predicted that DOGE could reach $0.93 if it performs “well” in this bull market.
Meanwhile, he predicted that DOGE could rise to $2.27 if it delivers “tremendous outperformance” and Reach $3.80 when it records an “astronomical performance.” In his most recent X post, the crypto analyst also explained that anything that lies between these goals is also possible. He added that he sees an interesting point on his macro chart between $1.30 and $1.50.
At the time of writing, Dogecoin price is around $0.42, down over 2% in the last 24 hours Data from CoinMarketCap.
Featured image created with Dall.E, chart from Tradingview.com