Crypto analyst Capt Toblerone has predicted that Dogecoin (one of the top 10 altcoins) will experience a 30% price drawdown from its current level, with the next “reload area” being around $0.108. He believes Dogecoin could then rally 1,300% from that level, potentially reaching as high as $1.50.
This prediction aligns with other analysts who believe DOGE could reach $1 in the current cycle, given its past parabolic moves in bull markets.
However, analyst Pav Hundal suggests that some DOGE holders who bought at the previous market peak may look to take profits once the coin hits a new all-time high, which could hinder its ability to reach $1.
Crypto analyst CrediBULL Crypto has also predicted that DOGE could drop as low as $0.10, though he expects a relief pump to around $0.18 first, which he plans to short.
CrediBULL Crypto believes other major meme coins like Pepe (PEPE) and Dogwifhat (WIF) are also likely to see significant price drops after their recent rallies.
At the time of writing, DOGE is trading around $0.16, up over 4% in the last 24 hours.
Source: BITCOINST
