Crypto analyst Trading Tardigrade has suggested it is too early to sell Dogecoin at its current price level. This came as he provided a profit-taking zone for the foremost meme coin in this market cycle.
Dogecoin Price Top Could Be In Double Digits
In an X post, Trader Tardigrade indicated that the Dogecoin price at the top of this bull run could be in double digits. He stated that the Dogecoin profit-taking zone is between $10 and $30 in this cycle, suggesting that the same coin would at least rally to as high as $10 from its current price level.
The crypto analyst made these Dogecoin price targets based on the price action in the 2021 bull run. According to him, the target is measured from the bottom to the previous ATH, after which the 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 securing profits at $10. His accompanying chart showed that the Dogecoin price could reach these double-digit targets sometime next year, although it didn't show when exactly.
It is worth mentioning that Trader 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 rally 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 in this market cycle.
However, crypto analyst Master Kenobi recently stated that any target above $5 for Dogecoin in this market cycle is unrealistic. He made this claim in relation to what DOGE's market cap will be if the meme coin reaches targets above $5, which he believes cannot happen in this bull run.
Conservative Targets To Watch Out For
In an X post, crypto analyst Kevin Capital alluded to Dogecoin price targets he had previously outlined for the same 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 rally as high as $2.27 if it enjoyed a “huge out performance” and reach $3.80 if it records an “astronomical performance.” In his recent X post, the crypto analyst also stated that anything in between these targets 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, the Dogecoin price is trading at around $0.42, down over 2% in the last 24 hours, according to data from CoinMarketCap.
Featured image created with Dall.E, chart from Tradingview.com
