According to recent analysis by crypto analyst Javon Marks, a massive price break could be on the cards for Dogecoin (DOGE)The analyst suggested that this big move for the leading meme currency could happen sooner than many expect.
Dogecoin set to see 404% price surge
Predicted Notes in an X (formerly Twitter) job Dogecoin could enjoy a price gain of over 404% to reach its current breakout target at $0.6533. He said that this move may already be loading, suggesting that it is imminent. He added that this next leg up “could be a matter of time, and prices could be preparing for a break above here.”
A move towards $0.6533 for Dogecoin is significant because it will mark a yearly high for the meme coin and perhaps highlight the culmination of a long-awaited rally for the leading meme coin, given its relatively unimpressive performance this year compared to other meme coins. However, based on Marks previous predictionDogecoin could still make further parabolic moves higher even after hitting the $0.6533 price target.
The analyst had previously predicted that Dogecoin would reach $17 during this bullish period. He made this prediction based on DOGE’s historical trend, in which the meme coin has consistently outperformed its previous bullfight in each subsequent market cycle. As such, the analyst expects the meme coin to enjoy a larger price swing in this bull run than the 22,800% price increase in 2021.
Meanwhile, crypto analyst Big Mike has provided insights into when exactly Dogecoin could hit $0.6. Based on the chart that the analyst sharingthe leading meme coin will reach or get close to this price target by the end of the year. Big Mike analyzed Dogecoin’s future trajectory using Elliot Wave Theorywhich showed that the leading meme coin will reach $1 by September 2025.
DOGE’s Short Term Movement
Crypto Analyst Trader Tardigrade recently provided some insight into how high Dogecoin could rise in the short term. The chart he sharing suggested that the meme coin would rally back to around $0.15, the price range from which it fell after its June decline. At the same time, the analyst highlighted DOGE’s bullish outlook, noting that the meme coin has formed an ascending triangle at the bottom of its recent downtrend.
He further revealed that two double bottoms form the base, which he says is “so bullish” for Dogecoin. Crypto Analyst Kevin (formerly OG Yomi) also recently provided a bullish narrative for Dogecoin, saying that his indicator has issued a weekly buy signal for the first time since Dogecoin was at $0.05. He added that DOGE is about two green weekly candles away from confirming its first weekly buy signal Golden Cross in four years.
Featured image created with Dall.E, chart by Tradingview.com
