Dogecoin Eyes 153% Rally With Key Breakout Targeting $0.65
Recent analysis suggests Dogecoin is experiencing bullish momentum, maintaining its uptrend with higher lows and attempts to break above $0.25.
Key Observations
- Analyst Javon Marks indicates Dogecoin's current price structure may signal a significant upward move towards $0.65.
- The formation of higher lows and higher highs dates back to the 2022 bear market.
- In September, Dogecoin found support at $0.22, reinforcing its upward trend.
Potential Rally
- Marks projects a potential 153% rally, targeting $0.6533.
- This target reflects a more than doubling from the current price and would be the strongest rally since early 2021.
- An extended rally could push prices above $1, with a secondary target of $1.25711.
Currently, Dogecoin trades at $0.2525, down 1.7% in 24 hours but up 10% over seven days.