Analyst Predicts Dogecoin Could Rally Above $20 in Bull Cycle

Crypto analyst Javon Marks suggests Dogecoin is in a new bull phase, predicting a potential rally above $20. Key points include:

Dogecoin may experience a 60x price increase if historical trends continue.
Previous cycles saw DOGE increase by 90x in 2017 and 306x in 2021.
Analysts like Dima James also expect double-digit prices for DOGE this cycle.
Ali Martinez predicts a target of $23 based on Fibonacci levels.
Short-term focus is on reaching the all-time high (ATH) of $0.73.
Analyst Master Kenobi indicates a potential breakout linked to Donald Trump’s inauguration on January 20.

Higher prices are anticipated as long as Dogecoin remains above $0.26 within a bullish pattern. Kevin Capital notes a breakout target of $1.30 if successful.

Recent analyses show a bullish reversal could occur soon, with Trader Tardigrade indicating a breakout from a double bottom pattern on the 4-hour chart, aiming first for $0.36 and then potentially $0.40.

Currently, Dogecoin trades at approximately $0.34, representing a near 5% increase over the last 24 hours.