A pseudonymous crypto trader has predicted that Dogecoin (CRYPTO: DOGE) will double in value but only after reaching new lows.

What Happened: Crypto Tony told his 289,400 followers on Twitter that either “Bitcoin (CRYPTO: BTC) will go on a tear” to bring other altcoins up or Bitcoin will fall and bring altcoins up, but either way he is keeping a close eye on Altcoins in the third and fourth quarter of 2023. 

The chart plotted by the trader sees crypto tumble in October to $0.0090 and then reach $0.017 in 2024. Following this, DOGE will rally to $0.17 — a 117% increase from its current price of $0.078.

“Before we see this I am expecting a decent upswing though. We are ready to tackle.”

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Earlier, on April 18, the trader predicted that DOGE is reaching an interesting level. He said that DOGE is reaching the $0.095 level and is looking to short the meme coin.  “Would only be looking for a scalp long if we can flip into support,” the analyst had tweeted.

Read More: Bitcoin, Ethereum, Dogecoin Trade Mixed Amid Regulatory Uncertainty: Analyst Says Apex Crypto Isn’t Getting A Boost Despite Upbeat Mood On Wall Street