Dogecoin’s future remains a hot topic, with analysts predicting its next moves.
Potential 30% Drop
Analyst Capt Toblerone predicts a 30% drop in Dogecoin’s price from its current level, with a reload area around $0.108.
1,300% Rally
After the dip, Toblerone expects a massive 1,300% rally, potentially pushing Dogecoin to $1.5. This aligns with other predictions of a $1 target for this cycle.
Factors Affecting Growth
However, lead analyst Pav Hundal believes factors like previous buyers taking profits at new highs could hinder Dogecoin’s rise to $1. He also suggests that competition from other meme coins may limit liquidity.
Parabolic Move Expected
Despite Hundal’s concerns, analyst Rekt Capital believes Dogecoin’s cyclical nature will lead to a parabolic move, as seen in previous bull markets.
Potential Drop to $0.10
Analyst CrediBULL Crypto predicts a potential drop to $0.10, but expects a relief pump to $0.18 first. He plans to short Dogecoin at $0.18 as it descends to $0.10.
Other Meme Coins
CrediBULL Crypto also predicts significant drops for other meme coins like Pepe and Dogwifhat due to their recent rallies.
Current Price
At the time of writing, Dogecoin is trading around $0.16, up over 4% in the last 24 hours.
