Analyst Says Dogecoin Price Target Still Remains $3 Despite Crypto Market Bloodbath

The Dogecoin price has witnessed a notable decline amidst this wider bloodbath, as it is currently down by 8% in 24 hours. Nonetheless, Dogecoin continues to attract bullish sentiment despite the market crash.

Cryptocurrency prices have declined massively in the past 24 hours, with the global crypto market cap declining by a little over 4% in the past day. Notably, this decline has seen over $1.75 billion worth of crypto positions liquidated in the past 24 hours, according to CoinGlass data, with $1.56 billion of these coming in long positions. 

Analyst Says Dogecoin Price Target Still Remains $3

Despite the recent correction, crypto analyst Ali Martinez has reaffirmed his ambitious price target for Dogecoin, sharing his insights on the platform X. According to Martinez, the ongoing market correction presents an opportunity rather than a setback, and Dogecoin is still in the early stages of its bull cycle.