Ignoring recent downsides, a popular cryptocurrency trader on Thursday reiterated their bullish forecast for Dogecoin (CRYPTO: DOGE) this year.
What Happened: Trader Tardigrade, noted for recognizing patterns and forecasting price movements, expressed confidence that the dog-themed cryptocurrency will reach the $1 milestone sooner or later.
“Retracement often occurs before a massive spike,” the trader stated, urging their followers not to read too much into the ongoing correction.
Dogecoin hit a yearly peak of $0.46 in Dec. 2024 but has since dropped nearly 30%. Over the last month, the coin was down 16%.
#Dogecoin is on its way to the $1 benchmark 🔥Retracement often occurs before a massive spike 🚀#DOGE 🔥 $DOGE pic.twitter.com/Ckugdeusm2
— Trader Tardigrade (@TATrader_Alan) January 9, 2025
In a separate analysis, Trader Tardigrade set price targets of $2 …Full story available on Benzinga.com
