🚀 Dogecoin Price Prediction: 30% Crash Before 1,000% Rally? Analyst Reveals Everything

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Crypto experts are debating the future of Dogecoin (DOGE), the leading meme currency. Given how well DOGE's price activity matches crypto expert Capt Toblerone's forecast, his research is under scrutiny.

📉 DOGE's 30% Drop Continues

Capt Toblerone predicted a 30% price drop for Dogecoin, targeting a reload area of $0.108. From that level, he forecasted a 1,300% surge, predicting a 13x increase from the reload region. This means Dogecoin might reach $1.2 after a 1,000% surge. Analysts and other crypto specialists anticipate the meme currency might hit $1 this cycle. Crypto researcher Kevin (previously OG Yomi) once cited Dogecoin's progress in prior bull markets as a reason to climb beyond $3.

🚀 Giant Leap for Dogecoin?

Dogecoin is poised to make a giant leap, but Pav Hundal, head analyst for Australian exchange Swyftx, has outlined what may prevent it from hitting $1. He said some Dogecoin holders acquired it at its height in the recent bull run. Once DOGE reaches its bull cycle ATH, he expects these holders to capitalize. Thus, selling pressure might prevent each currency from reaching $1, depending on its size.

🔄 Cyclical Nature of Dogecoin

Crypto analyst Rekt Capital disagrees with Hundal. He called Dogecoin “one of the most cyclical altcoins in the space.” He expects the meme currency to go parabolic again, as it has in prior rounds.

📉 Predictions and Analysis

Crypto analysts predict Dogecoin might plummet below $0.10. Analysts foresee the meme currency initially enjoying a relief pump and then surging to $0.18. They plan to short the meme currency at $0.18 as it falls to $0.10.

📈 Current Status

Dogecoin is selling at $0.16, up over 4% in 24 hours, according to CoinMarketCap.$DOGE

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