Market expert says Dogecoin’s growing power will spur 432% rally to $2.28

The recent resurgence of Dogecoin has caught the attention of prominent market analyst Javon Marks, who predicts a sustainable trend northward.

The largest meme coin by market cap regained upward momentum after briefly regaining levels above $0.4000. Dogecoin rose more than 10% yesterday, reclaiming the price zone about a month later.

Although the prominent meme coin strengthened slightly today, Dogecoin is up more than 18% this week, driven by a broader market recovery. Moreover, the recovery in Accumulation of whales He also contributed to the latter form.

Meanwhile, market analyst Javon Marks noted that the uptrend will continue. He expected prices to rise more than threefold to unprecedented levels.

The Dogecoin boom is on the horizon

Signs reported on January 17 mail Dogecoin has returned to show its strength amid the recent rally. In fact, the meme has recently shown bullish prospects, rising to a nearly six-week high of $0.4351 earlier on January 18.

Furthermore, the market expert suggested more positives, pointing to Dogecoin’s historical cyclical performance. For context, the comic-themed meme was up 12,000% four years ago and more than 5,000% in 2017, driven by bullish market momentum.

With this in mind, Marks confirmed that Dogecoin could rise by more than 432% to reach at least $2.28758 in the coming days. According to the accompanying chart, the unprecedented price mark lies at the 1.618 Fibonacci level, where the meme coin peaked in the last two sessions.

It is worth noting that Marx earlier anticipation That Dogecoin will reach $20 this year. However, his latest analysis indicates that he has revised his price.

Connect Dogecoin forecast

Meanwhile, Marks Dogecoin forecasts are in line with price forecasts from other prominent market analysts. For example, Tardigrade Trader He confirmed Last week, Dogecoin will rise to at least 2% this cycle and 8% in 2028, indicating repeat cyclical performance.

Noted market analyst Ali Martinez also anticipation Similar price action. He stated that the leading meme coin will reach $2 this cycle, also citing previous performances in the bull cycle.

However, Martinez revised his $2 prediction, anticipating much higher prices for the token. In a recent analysis, he insisted that Dogecoin could reach ambitious prices such as… $18 and $23 If the Taurus cycle gets wild.

Currently, Dogecoin is trading at $0.3909, down 6% over the past 24 hours.