Based on recent analysis by crypto analyst Javon Marks, huge price increase could be on the cards for Dogecoin (DOGE)The analyst suggested that this big move for the leading meme coin could come sooner than many would expect.
Dogecoin to Enjoy 404% Price Surge
Marks predicted in an X (formerly Twitter) after that Dogecoin could see a price surge of over 404% to reach its current breakout target of $0.6533. He stated that this move may already be loading, suggesting it is imminent. He added that this next move higher “could be a matter of time, and prices could be preparing for a breakout above here.”
A move towards $0.6533 for Dogecoin is significant because it will mark a yearly high for the meme coin and potentially mark the culmination of a long-awaited rally for the leading meme coin, given its relatively unimpressive performance this year compared to other meme coins. However, based on Marks’ previous predictionDogecoin could still make parabolic moves upwards even after reaching the $0.6533 price target.
The analyst previously predicted that Dogecoin would rise as high as $17 in this bull run. He made this prediction based on DOGE’s historical trend, in which the meme coin has always outperformed its previous bull running in each subsequent market cycle. Therefore, the analyst expects the meme coin to experience a larger price movement in this bull run than the 22,800% price increase in 2021.
Meanwhile, crypto analyst Big Mike provided insight into when exactly Dogecoin could rise to $0.6. Based on the chart the analyst shared sharedthe leading meme coin will reach or come close to that price target by the end of the year. Big Mike analyzed the future price of Dogecoin using the Elliot Wave Theorywhich revealed that the top meme coin will reach a value of $1 by September 2025.
DOGE’s short-term move
Crypto Analyst Trader Tardigrade recently provided insight into how high Dogecoin could rise in the short term. The chart he shared suggested that the meme coin would climb back to around $0.15, the price range from which it fell after the June drop. Meanwhile, the analyst emphasized DOGE’s bullish outlook, noting that the meme coin has formed an ascending triangle at the bottom of its recent downward trend.
He further revealed that two double bottoms are forming the base, which he said is “so bullish” for Dogecoin. Crypto Analyst Kevin (formerly OG Yomi) also recently gave a bullish story for Dogecoin, stating that his indicator has given a weekly buy signal for the first time since Dogecoin was at $0.05. He added that DOGE is about two green weekly candles away from confirming its first weekly golden cross in four years.
Main image created with Dall.E, chart from Tradingview.com