The recent Dogecoin resurgence has caught the attention of notable market analyst Javon Marks, who speculates a sustained northward trend.
The largest meme coin by market cap has regained bullish momentum after briefly reclaiming levels above $0.4000. Dogecoin surged over 10% yesterday, reclaiming the price zone after almost one month.
Although the prominent meme coin has consolidated slightly today, Dogecoin has appreciated over 18% this week, spurred by a broader market rebound. Furthermore, a resurgence in whale accumulation has also contributed to the recent form.
Meanwhile, market analyst Javon Marks suggested that the bullish traction will persist. He predicted an over threefold price uptick to unprecedented highs.
A Dogecoin Surge on the Horizon
Marks stated in a January 17 post that Dogecoin is back showing strength amid the latest rally. In truth, the meme coin has recently shown bullish prospects, surging to an almost six-week high of $0.4351 earlier on Jan. 18.
Furthermore, the market expert suggested further upsides, citing Dogecoin’s historic cyclical performances. For context, the doggy-themed meme coin surged 12,000% four years ago and over 5,000% in 2017, spurred by bull market momentum.
With that in mind, Marks asserted that Dogecoin could surge over 432% to at least $2.28758 in the coming days. Per an accompanying chart, the unprecedented price mark lies at the 1.618 Fibonacci level, where the meme coin peaked in the last two cycles.
Notably, Marks earlier predicted that Dogecoin would hit $20 this year. However, his recent analysis suggests that he has reviewed his price call.
Correlating Dogecoin Predictions
Meanwhile, Marks Dogecoin’s prediction aligns with price outlooks from other notable market analysts. For instance, Trader Tardigrade asserted last week that Dogecoin will surge to at least 2% this cycle and 8% in 2028, citing a recurring cyclical performance.
Prominent market analyst Ali Martinez also predicted a similar price action. He stated that the leading meme coin would hit $2 this cycle, also citing previous performances in the bull cycle.
However, Martinez has reviewed his $2 prediction, speculating much higher prices for the token. In a recent analysis, he insisted that Dogecoin could hit ambitious prices like $18 and $23 if the bull cycle goes wild.
Currently, Dogecoin trades at $0.3909, down 6% in the past 24 hours.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
