The
Dogecoin
(DOGE)
future
trajectory

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

foremost
meme
coin’s

price
action
has
continued
to
align
with
his
prediction. 

DOGE’s
30%
Crash
Still
In
Play

In
an
X
(formerly
Twitter)

post,
Capt
Toblerone
mentioned
that

Dogecoin

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

 

Dogecoin

would
make
a
1,300%
rally
from
that
level,
stating
that
one
should
get
13x
from
the
reload
area. 

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

crypto
analysts
like
Ali
Martinez,
who

predict

that
the
meme
coin
could
reach
$1
in
this
cycle.
This
also
looks
feasible
given
that
crypto
analyst
Kevin
(formerly
OG
Yomi)

once
alluded

to
Dogecoin’s
move
in
previous
bull
markets
as
why
the
meme
coin
could
rally
above
$3. 

However,
while
Dogecoin
looks
primed
to
make
such
a
parabolic
move,

Pav
Hundal,
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. 

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

 

meme
coins

are
in
the
market
now. 

However,

crypto
analyst
Rekt
Capital

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. 

Dogecoin
Could
Indeed
Drop
To
$0.10

Crypto
analyst
CrediBULL
Crypto

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

as
high
as
$0.18.
He
revealed
that
he
will
be
looking
to
short
the
meme
coin
at
the
$0.18
price
level
as
it
descends
to
$0.10. 

However,
Dogecoin
isn’t
the
only
meme
coin
CrediBULL
Crypto
expects
to
drop
significantly.
He
predicts
that
other
foremost
meme
coins
like

 

Pepe
(PEPE)

and

Dogwifhat
(WIF)

will
experience
a

price
dropdown

given
the
kind
of
rally
they
have
enjoyed
this
year. 

At
the
time
of
writing,
Dogecoin
is
trading
at
around
$0.16,
up
over
4%
in
the
last
24
hours,
according
to

data

from
CoinMarketCap.

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

Go to Source
Author: Scott Matherson

Recommended Crypto Services, Products and Strategies: