Dogecoin’s Price on an Upswing, Likely to Reach 431%: Analyst – Dogecoin (DOGE) might be on track for a massive rally as the asset continues its consistent uptick in recent weeks, up by a double-digit percent. According to a renowned crypto analyst Javon Marks, based on the historical chart pattern, the memecoin may be on the brink of another parabolic run, similar to the explosive rallies witnessed in the past.
Marks revealed that Dogecoin may be in the early stages of a significant bull run, potentially heading toward a 431% price boost. This performance is notable, as Dogecoin has maintained its upward momentum despite fluctuations in the broader cryptocurrency market. Based on this breakout, Marks predicts a significant surge, potentially over 400%, as long as DOGE maintains its momentum. In a post on Twitter, Tardigrade noted that Dogecoin has transitioned from a downtrend to an uptrend. Marks highlighted that Dogecoin could quickly reclaim its all-time high of $0.73905, supported by similar price behaviors seen in the past. Dogecoin’s Price on an Upswing, Likely to Reach 431%: Analyst – Dogecoin (DOGE) might be on track for a massive rally as the asset continues its consistent uptick in recent weeks, up by a double-digit percent.
According to a renowned crypto analyst Javon Marks, based on the historical chart pattern, the memecoin may be on the brink of another parabolic run, similar to the explosive rallies witnessed in the past.
He pointed out that Dogecoin experienced a false breakout during its previous downtrend, but the absence of a lower low following the false breakout indicates a change in market sentiment.
According to Tardigrade, Dogecoin is now forming higher highs and higher lows, signaling a potential continuation of its bullish trend. Over the past few weeks, Dogecoin has demonstraten gains aligning with the bullish outlook shared by analysts.
In the last 7 days alone, DOGE has surged by 23%, reaching a high of $0.135 in the early hours of today. In Dogecoin’s case, Marks observed that DOGE had recently formed this falling wedge pattern and subsequently broken out to the upside.
Historically, such breakouts have led to substantial rallies in Dogecoin’s price. When writing, Dogecoin is trading at $0.1333, representing a 9.5% boost in the past 24 hours.
In addition to Javon Marks’ analysis, another prominent figure in the crypto space, Trader Tardigrade, has also weighed in on Dogecoin’s recent market structure.
