Dogecoin Price Could Surge 3,690% to $9.8 in Current Bull Cycle
Crypto market analyst Javon Marks suggests that Dogecoin may be set for a substantial price increase based on historical patterns.
Key Analysis Points:
- Marks identifies a consistent Fibonacci pattern in Dogecoin's historical price data, highlighting its previous success in reaching the 1.618 Fibonacci level during past cycles.
- He predicts an 800% potential rise in Dogecoin's price to approximately $2.28 if it follows the same pattern in the current bull cycle.
- A larger projection suggests Dogecoin could reach around $9.8, marking a 3,690% increase if it mirrors its last cycle performance.
- This analysis is based on technical setups that resemble previous significant rallies in Dogecoin's history.
According to Marks, the technical patterns are aligning similarly to how they did before Dogecoin's earlier notable price surges, potentially leading to another major rally.