Cryptographic analyst Tardigrade Trader has suggested that it is too early to sell Dogecoin at its current price level. This came as it provided a profit-taking zone for the top meme coin in this market cycle.
Dogecoin Price Peak Could Be Double Digits
In an X post, Trader Tardigrade indicated that the Dogecoin price at the top of this lockdown It could be double digits. He stated that Dogecoin’s profit-taking zone is between $10 and $30 in this cycle, suggesting that the meme coin would at least rise up to $10 from its current price level.
The crypto analyst set these Dogecoin price targets based on the price action in the running of the bulls 2021. According to him, the target is measured from below to the previous ATH, after which DOGE doubled this previous ATH as a base and then projected a triangle, which he highlighted as the profit-taking zone.
In line with this, Trader Tardigrade told market participants to start making profits at $10. The accompanying chart showed that Dogecoin price could reach these double-digit targets sometime next year, although it did not show exactly when.
It is worth mentioning that The merchant Tardigrade had predicted that DOGE could reach $30 by March 2025 if it mirrors the 2021 bull run. 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 up to $23 in this market cycle.
However, the crypto analyst Master Kenobi recently stated that any target above $5 for Dogecoin in this market cycle is unrealistic. He made this statement in relation to what the market capitalization of DOGE will be if the meme coin hits targets above $5, which he believes cannot happen in this bull run.
Conservative objectives to consider
In a post X, crypto analyst Kevin Capital he alluded to the Dogecoin price targets he had previously outlined for the meme coin in this market cycle. The analyst predicted that DOGE could reach $0.93 if it enjoys a “good performance” in this bull run.
Meanwhile, he predicted that DOGE could rise as high as $2.27 if it enjoys “great performance” and reach $3.80 if it records an “astronomical performance”. In his recent post on X, the crypto analyst also stated that anything between these goals is also possible. He added that he sees between $1.30 and $1.50 as a point of interest on his macro chart.
At the time of writing, Dogecoin price is trading at around $0.42, down more than 2% in the last 24 hours, according to data from CoinMarketCap.
Featured image created with Dall.E, chart from Tradingview.com
