Crypto analyst Javon Marks recently alluded to DOGE’s historical performance to predict how high the Dogecoin price could rise in the short term. The analyst also provided potential targets that could market the top for Dogecoin in this market cycle.
Dogecoin Price To Surge Over 75% To Hit New ATH
In an X post, Javon Marks stated that history shows that the Dogecoin price is about to record a gain of over 75% and rally past its current all-time high (ATH) of $0.73. The analyst also remarked that this cycle for Dogecoin has unfolded in an almost perfect manner in comparison to its historical performance.
Marks believes these historical performances prove that the Dogecoin price will rally higher soon enough. This price surge of just over 75% could be a fraction of the parabolic rallies the foremost meme coin will enjoy through the remainder of its bull run. This is based on the analyst’s prediction that Dogecoin could rally above $3 before the bull run ends and possibly even reach as high as $15 on a “high end.”
Crypto analysts like Trader Tardigrade and Ali Martinez have also predicted that the Dogecoin price could hit double digits in this market cycle. Like Javon Marks, Trader Tardigrade also cited Dogecoin’s historical performance. The analyst stated that DOGE could reach $30 by March if it replicates its 2021 bull run.
In line with this, the crypto analyst advised market participants to secure profits when the Dogecoin price is between $10 and $30. Meanwhile, Ali Martinez predicted that Dogecoin could rally to $23 in this bull run if it reaches the 2.272 Fibonacci level. The analyst also cited Elon Musk’s influence on the foremost meme coin, especially with the D.O.G.E initiative that will come to life under Donald Trump’s administration.
DOGE Is Mirroring 2021 Bull Run
In an X post, crypto analyst Doge Coach stated that DOGE’s chart has almost identically replicated the previous bull run so far. The analyst remarked that if this continues, the Dogecoin price will likely fly this week. He added that the next leg up could see Dogecoin surge past the psychological $1 price level.
However, the analyst believes the Dogecoin price will need “something big” to push past this $1 level. The Doge Coach opined that an update on the X payments service could be one catalyst. There continue to be speculations that DOGE payments could be integrated into the X payment service when it finally goes live. If that eventually happens, it would provide a major boost for the foremost meme coin.
At the time of writing, the Dogecoin price is trading at around $0.39, down over 1% in the last 24 hours, according to data from CoinMarketCap.
