Dogecoin Price Prediction: 30% Drop Before 1,300% Rally?

The future trajectory of Dogecoin (DOGE) remains the subject of intense debate, with crypto analysts assessing where the leading meme coin is headed. Crypto analyst Captain Toblerone’s analysis has been in the spotlight as the price action of the leading meme coin has continued to align with his prediction.

DOGE 30% Drop Still in Play

In a post by X (formerly Twitter), Captain Toblerone mentioned that Dogecoin will see a 30% price reduction from its current price level. He further said that the next reload zone is at $0.108. He predicted that Dogecoin would rally 1,300% from that level, stating that it should rally 13x in the reload area.

A 1,300% move for Dogecoin means the meme coin will rise to $1.5. This prediction is in line with others made by crypto analysts such as Ali Martínez, who predict that the meme coin could reach $1 this cycle. This also seems viable given that crypto analyst Kevin (formerly OG Yomi) once alluded to Dogecoin’s move in previous bull markets as the reason the meme coin could rise above $3.

However, while Dogecoin appears set to make such a parabolic move, Pav Hundal, chief analyst at Australian exchange Swyftx, explained what could prevent the meme coin from reaching the dollar. He alluded to the fact that some Dogecoin holders have bought the meme coin at its price. 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 bullish cycle. Therefore, depending on the magnitude, such selling pressure could prevent the meme coin from reaching the dollar. He also suggested that DOGE could see enough liquidity to take it to such a level that there are now many more meme coins on the market.

However, crypto analyst Rekt Capital disagrees with Hundal. He called Dogecoin “one of the most cyclical altcoins in the space.” He therefore expects the meme coin to make a parabolic move, as he has done in previous cycles.

In fact, Dogecoin may fall to $0.10

Crypto analyst CrediBULL Crypto also predicted that Dogecoin could fall to $0.10. However, the analyst expects the meme coin to experience a relief pump first and rise to $0.18. He revealed that he will try to sell the meme coin at the $0.18 price level as it drops to $0.10.

However, Dogecoin is not the only meme coin that CrediBULL Crypto expects to drop significantly. He predicts that other major meme coins like Pepe (PEPE) and Dogwifhat (WIF) will see a price drop due to the type of rally they have enjoyed this year.