Dogecoin Holds Higher Lows, Setting Up for a Potential 279%+ Rally Toward $1.25

Javon Marks confirms a bullish Dogecoin structure, suggesting that the strength from the latest pullback could shift the previous target to aim higher.

Trading at $0.1832, Dogecoin recently experienced a notable 11.6% surge within 24 hours. This follows a period of accumulation in the $0.14-$0.16 range, hinting at a shift in market sentiment.

Amid the recent pullback, analyst Javon Marks has pointed to a consistent pattern of higher lows (HL) and higher highs (HH) in DOGE’s price action.

Formation of Higher Lows and Higher Highs

Marks’ multi-year chart spanning from mid-2020 to 2025 identifies these key patterns as bullish signals. The formation of higher lows, where the price finds support at progressively higher levels, suggests a strengthening uptrend.

DOGE TO $1.25+ 👀!$DOGE (Dogecoin) continues to hold Higher Lows and is starting to show strength out of this set.

Out of its previous set of Higher Lows, DOGE underwent an OVER 500% INCREASE in price and with a breakout holding with a target at $0.6533 still in play, another… https://t.co/VX2k1L7cHX pic.twitter.com/mDBho4LmhF

— JAVON⚡️MARKS (@JavonTM1) April 22, 2025

Notably, in mid-2023, DOGE began forming higher lows around the $0.04 level, indicating potential stabilization after a massive downtrend. By mid-2024, following a breakout, the asset established another higher low around $0.07. This was a clear indication that DOGE was shifting to an upward trajectory, with each successive low being higher than the previous one.

The most recent formation occurred in 2025, when DOGE found support above $0.14 after falling from highs around $0.46. This continued pattern of higher lows strengthens the case for a bullish outlook, with Marks predicting significant price increases. According to Marks, after a prior 500% increase, a further price surge could see DOGE targeting $0.6533. 

Additionally, with strength from the latest pullback amid the recent market-wide downturn, Dogecoin could break that target, bringing prices near $1.25. Notably, Dogecoin would need to surge 583.33% to reach $1.25 from $0.183.

Symmetrical Triangle Signals Possible Breakout

Meanwhile, a separate analyst, Ehsan Zeydabadi, has highlighted a symmetrical triangle pattern forming on the 4-hour chart for DOGE. This pattern often indicates a period of consolidation, with price action moving between converging trendlines. Zeydabadi suggests that a breakout is likely as DOGE approaches the apex of the triangle.

At the time of Zeydabadi’s analysis, DOGE was trading around $0.15785 and had tested both the upper resistance and lower support of the triangle multiple times. The price was rejected at the $0.166 resistance level on several occasions—April 2, April 14, and April 21. 

If DOGE manages to break above this key resistance level, it could rally to around $0.17830, with a potential target of $0.19401 in the near term. However, failure to hold support could see the price drop toward levels like $0.14632 or $0.13850, with further downside risks.

Further Dogecoin Predictions

Dogecoin’s technical patterns have further sparked differing opinions among analysts. ZAYK Charts recently pointed out a breakout from a falling wedge pattern, which could lead to a price surge to nearly $0.28. 

In contrast, Ali Martinez shared concerns about potential downside risks, suggesting that if DOGE fails to maintain support above $0.17, it could drop by as much as 65%, reaching lows of $0.06.