Dogecoin Has Dropped 16% Over A Month, But This Trader Is Confident The Meme King Will Hit $1 In 2025

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%.

In a separate analysis, Trader Tardigrade set price targets of $2 …

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