Dogecoin

Pepe

Rekt

<p><a href="https://bitcoinist.com/dogecoin-weighted-funding-rate/">The Dogecoin (DOGE) future trajectory</a> continues to be heavily discussed, with crypto analysts weighing where the foremost meme coin is headed. Crypto analyst Capt Toblerone’s analysis comes under the spotlight, given how the <a href="https://bitcoinist.com/kabosu-dogecoin-beloved-shiba-inu-mascot-dies/">foremost meme coin’s</a> price action has continued to align with his prediction.&nbsp;</p> 
<h2 id="doge-s-30-crash-still-in-play">DOGE’s 30% Crash Still In Play</h2> 
<p>In an X (formerly Twitter) <a href="https://x.com/CaptToblerone/status/1771413219514728544" rel="nofollow" target="_blank">post</a>, Capt Toblerone mentioned that <a href="https://bitcoinist.com/dogecoin-etfs-move-to-the-fore/">Dogecoin</a> will experience a 30% price drawdown from its current price level. He further claimed that the next reload area is at $0.108. He predicted that <a href="https://bitcoinist.com/dogecoin-forms-bullish-triangle/">Dogecoin</a> would make a 1,300% rally from that level, stating that one should get 13x from the reload area.&nbsp;</p> 
<img loading="lazy" decoding="async" class="size-medium wp-image-302092" src="https://bitcoinist.com/wp-content/uploads/2024/05/Dogecoin_925b06.png?w=512&amp;resize=512%2C282" alt="Dogecoin" width="512" height="282" data-recalc-dims="1"> 
<p>A 1,300% move for Dogecoin means the meme coin will rise to as high as $1.5. This prediction aligns with others made by <a href="https://bitcoinist.com/bullish-cardano-metric-signals-upcoming-75-rally-toward-1/">crypto analysts like Ali Martinez</a>, who <a href="https://bitcoinist.com/dogecoin-doge-price-reach-1/">predict</a> that the meme coin could reach $1 in this cycle. This also looks feasible given that crypto analyst Kevin (formerly OG Yomi) <a href="https://bitcoinist.com/crypto-analyst-says-dogecoin-could-rally-2500-presents-possible-targets/#:~:text=Crypto%20Analyst%20Says%20Dogecoin%20Could%20Rally%202%2C500%25%2C%20Presents%20Possible%20Targets,-by%20Scott%20Matherson&amp;text=Crypto%20analyst%20Kevin%20(formerly%20OG,attain%20in%20this%20bull%20run.">once alluded</a> to Dogecoin’s move in previous bull markets as why the meme coin could rally above $3.&nbsp;</p> 
<p>However, while Dogecoin looks primed to make such a parabolic move, <a href="https://bitcoinist.com/betting-on-dogecoin-to-1/#:~:text=Why%20Dogecoin%20Might%20Not%20Reach,the%20hype%20at%20the%20time.">Pav Hundal</a>, lead analyst for Australian exchange Swyftx, has explained what could hinder the meme coin from reaching $1. He alluded to the fact that some Dogecoin holders bought the meme coin at its market peak in the last bull run.&nbsp;</p> 
<p>He believes that these holders will look to take profits once DOGE hits a new all-time high (ATH) in this bull cycle. Therefore, depending on the magnitude, such selling pressure could derail the meme coin from reaching $1. He also suggested that DOGE might see enough liquidity to push it to such a level since many more <a href="https://bitcoinist.com/dogecoin-shiba-inu-meme-coins/">meme coins</a> are in the market now.&nbsp;</p> 
<p>However, <a href="https://bitcoinist.com/bitcoin-price-left-danger-zone/">crypto analyst Rekt Capital</a> disagrees with Hundal. He labeled Dogecoin “one of the most cyclical altcoins in the space.” Therefore, he expects the meme coin to make a parabolic move, as it has in previous cycles.&nbsp;</p> 
<h2 id="dogecoin-could-indeed-drop-to-0-10">Dogecoin Could Indeed Drop To $0.10</h2> 
<p><a href="https://bitcoinist.com/crypto-analyst-bullish-on-ethereum-and-xrp/">Crypto analyst CrediBULL Crypto</a> has also predicted that Dogecoin could drop to as low as $0.10. However, the analyst expects the meme coin to first experience a relief pump and rise to <a href="https://bitcoinist.com/dogecoin-on-chain-metrics-explode/">as high as $0.18</a>. He revealed that he will be looking to short the meme coin at the $0.18 price level as it descends to $0.10.&nbsp;</p> 
<p>However, Dogecoin isn’t the only meme coin CrediBULL Crypto expects to drop significantly. He predicts that other foremost meme coins like <a href="https://bitcoinist.com/big-moves-for-shiba-inu-pepe/">Pepe (PEPE)</a> and <a href="https://bitcoinist.com/dogwifhat-wif-meme-coin-las-vegas-sphere/">Dogwifhat (WIF)</a> will experience a <a href="https://bitcoinist.com/chainlink-whale-wallets-increase/">price dropdown</a> given the kind of rally they have enjoyed this year.&nbsp;</p> 
<p>At the time of writing, Dogecoin is trading at around $0.16, up over 4% in the last 24 hours, according to <a href="https://coinmarketcap.com/currencies/dogecoin/?update=1716627739631" rel="nofollow noopener" target="_blank">data</a> from CoinMarketCap.</p> 
<img loading="lazy" decoding="async" class="size-medium" src="https://www.tradingview.com/x/RGQRthKt/" alt="Dogecoin price chart from Tradingview.com" width="3286" height="1576">

Dogecoin Price Prediction: A 30% Crash Before A 1,300% Rally? Analyst Tells All

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