Dogecoin Price Forecast: Can DOGE Touch $1 This Cycle? The analyst predicts when to buy and sell

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Crypto ProjectSyndicate analyst revealed his Dogecoin price prediction, suggesting that DOGE could achieve the long-awaited Price level $1 in this cycle. The analyst also recommended when market participants should consider buying and selling the premier meme coin.

Dogecoin price forecast shows that DOGE may reach $1 this cycle

In TradeView entryProject Syndicate provided a Dogecoin price prediction that showed that DOGE could reach psychological levels Price level $1 this year. Notably, the accompanying analyst chart showed that the top meme coin could reach this price target by mid-2025.

Source: TradingView

That’s right Galaxy Research Dogecoin price prediction that DOGE may reach the $1 price level, thus achieving the $100 billion market capitalization milestone. Crypto analyst CROW also recently set a $1 target for Dogecoin after breaking a multi-year trend line. A rise to this price level would mean a recent all-time high (ATH) for the meme coin.

Meanwhile, ProjectSyndicate also took the time to discuss Dogecoin’s current price action. While analyzing the daily price chart, DOGE noticed that a pullback is currently underway. However, the cryptocurrency analyst added that the price chart still looks solid with a sequence of higher lows.

The cryptocurrency analyst also noted that the price of Dogecoin increased from $0.08 to $0.40, a 500% augment. ProjectSyndicate further revealed that DOGE is currently reloading and preparing for an update recent running of the bulls to trigger the support and resistance zone at $1. He added that consolidation in connection with this move is not yet complete and more time is needed.

ProjectSyndicate also recommended a strategy for buying and selling DOGE bulls. He said that they should buy and hold when Dogecoin price approaches $0.20 in terms of re-accumulation during the pullback and consolidation phase. On the other hand, he advised bulls to take profits at $1, which is an augment of 500%.

Analyst confirms $1 target is imminent

Cryptocurrency analyst Tardigrade dealer also gave his Dogecoin price prediction, stating that DOGE is on track to reach the $1 benchmark. The cryptocurrency analyst noted that a retracement often occurs before a massive spike. Interestingly, the attached analyst chart showed that Dogecoin could reach the $1 price level as early as March.

Dogecoin 2 price
Source: TradingView

Trader Tardigrade also raised the possibility of Dogecoin price rising to as much as $2 this cycle. He revealed that DOGE replicates itself your previous cyclewith a similar parallel line from the last cycle developing again. The cryptocurrency analyst noted that this is no coincidence and assured that $2 is a reasonable target for the 2025 cycle.

Dogecoin price 3
Source: TradingView

At the time of writing, Dogecoin is trading at around $0.33, down over 2% in the last 24 hours, according to data from CoinMarketCap.

Dogecoin price chart from Tradingview.com
DOGE bulls regain price control | Source: DOGEUSDT on Tradingview.com

Featured image created with Dall.E, chart from Tradingview.com

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