Is $0.93 Or $1.05 Achievable For Dogecoin Price After $0.6?

Dogecoin price has noted a robust rally over the last few days, indicating strong market confidence towards the meme coin. However, the DOGE rally has taken a pause recently, which has sparked widespread discussions among investors about the potential next move of the coin. Besides, it also fueled concerns among some over a waning risk-bet appetite of the investors.

Can Dogecoin Price Hit $1.05?

Dogecoin price has caught the eyes of investors with its recent surge, indicating a shifting market interest towards the top meme coins. However, recently, the meme coin has noted a pullback, sparking concerns among investors over its potential next move.

It appears that while the recent rally has fueled optimism in the broader crypto market, it has also triggered selling pressure on the crypto as some investors might be booking profits. Having said that, many analysts remain optimistic about the top dog-themed meme coin’s future trajectory.

For context, in a recent analysis, prominent crypto market expert Kevin (Kev_Capital_TA) has shared a bullish forecast for DOGE price. In a recent X post, Kevin said that Dogecoin is likely to hit $0.93 ahead, which could further “stretches up to $1.05.” This has fueled optimism among investors over a potential rally in the meme coin’s price.

Source: Kevin, X

In addition, the recent performance of the broader meme coins space, let alone the crypto market, has indicated a shifting market focus towards the risk-bet assets. Notably, the crypto market rally comes after Donald Trump’s US election win, which has bolstered market confidence towards a pro-crypto regulatory environment in the nation.

On the other hand, digital assets tend to showcase a positive performance in the final quarter of the year. In addition, Elon Musk’s cryptic post related to Dogecoin has also caught eyes of the traders recently. Having said that, the market anticipates the bull cycle to continue in the coming days, which in turn could send DOGE to its new ATH soon.

What’s Next For DOGE?

The ongoing Dogecoin price rally is not without challenges. For context, DOGE price today retreated nearly 5% during writing and exchanged hands at $0.4339, while its one-day trading volume dipped 27% to $7 billion. Notably, the token touched a 24-hour high of $0.4835, while noting a surge of 107% in the last 30 days.

Meanwhile, many market experts said that as the DOGE price is witnessing gains, there could be some short-term or slight pullbacks during the run. A flurry of investors usually sells some of their holdings when an asset’s price goes towards the north to book profit. For context, Kevin said that if the meme coin hits between $0.93 to $1.05, he will sell 25-30% of his DOGE holdings.

Experts’ Predictions

Despite that, the experts remain bullish on the long-term potential of the crypto. For context, popular crypto market expert MadWhale, in a recent TradingView analysis, said that Dogecoin price is poised to hit $0.62 soon. However, he also cautioned over “short-term bearish corrections”, during the run.

In addition, another top expert Ali Martinez has recently shared his previous Dogecoin forecast, where he predicts the crypto to hit $2.40 soon. Besides, he also said that the crypto is likely to rally towards the $18 mark in the longer run, sparking market optimism.

Source: Ali Martinez, X

Echoing a similar sentiment, another market analyst Captain Faibik, in a recent X post, shared a bullish forecast. In his analysis, he predicts the Dogecoin price to hit $0.66 in the coming days. Simultaneously, a recent DOGE price analysis also hints towards a potential rally to $1 for the meme coin, mirroring its 2021 run. Considering all these analyses from the experts, it appears that DOGE is likely to hit $0.6 and eventually rally toward the $1.05 mark in the coming days.

Source: Captain Faibik, X

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.