Dogecoin (DOGE) May Rally to New Highs This Cycle, Profit-Taking Zones Identified

Dogecoin is believed to surge significantly in the ongoing market cycle to new levels due to past trends, with each cycle’s performance bigger than the previous one.

Cryptocurrency analysis firm Santiment has highlighted a crucial metric that could indicate an impending rally for Dogecoin (CRYPTO: DOGE).

According to Santiment, past trends have shown that each market cycle for DOGE tends to be bigger than the previous one. This observation bodes well for the meme coin, suggesting the potential for a substantial surge in the current cycle.

However, to avoid substantial losses and optimize gains, it's equally important to identify ideal exit points. In this regard, several crypto analysts, including Trader Tardigrade, have pinpointed specific price ranges where investors may consider booking profits.

Several Profit-Taking Zones For Dogecoin At Audacious Levels

As the community anticipates a potential rally for Dogecoin in the current market cycle, several crypto analysts have highlighted crucial profit-taking zones for investors to consider.

This measure aims to prevent substantial losses and identify optimal exit points for maximum gains. Among these analysts, Trader Tardigrade has offered specific price ranges where investors may consider booking profits.

With Dogecoin (CRYPTO: DOGE) showing the potential for a massive leg-up in this bull cycle, determining an ideal entry and exit point is crucial to navigate incoming volatility.

Hence, we present critical navigation advice from Trader Tardigrade, a market expert and trader, who has outlined key profit-taking areas for DOGE.

This cautionary post comes in light of heightened attention toward Dogecoin among traders and investors, with its recent upside price momentum attracting large capital inflows.

Furthermore, the robust optimism from these investors reinforces DOGE’s position as the leading meme coin in the crypto asset market.

Trader Tardigrade’s insights hinge on past cycle breakout, which caused a major rally to a market peak and a new all-time high for DOGE.

Given the possibility of the trend repeating in this cycle, the market expert has placed his profit-taking zones for the meme coin between $10 and $30.

“According to the last cycle, this could suggest your target for DOGE in the current cycle,” he stated.

Thus, Trader Tardigrade has urged investors to start collecting profits at the $10 price level while the rally progresses, indicating his confidence in the meme coin’s potential to hit between the $10 to $30 mark.

The expert’s belief in an impending major rally for Dogecoin is further bolstered by a record-breaking monthly close in November, sparking excitement and speculations about an extended bull run within the community.

In November, Dogecoin saw a huge candle that moved from a low of $0.142 to a high of $0.480, indicating a notable increase of more than 237% within the month alone.

Due to this, Trader Tardigrader claims that the first candle of the bull rally has just been lit, underscoring a powerful start for the dog-themed meme coin.