Dogecoin is doing well, trading above $0.18 after a recent low. This upswing follows a broader crypto market rally, with Bitcoin recently surpassing $90,000.
Javon Marks’ Bold Prediction
Crypto analyst Javon Marks predicts Dogecoin could hit $1.25 or more by 2025. He bases this on a strong upward trend visible on the 5-day candlestick chart, analyzing both recent and long-term price movements.
The Technical Analysis
Marks’ revised prediction builds on previous forecasts. He initially predicted $0.6533, but now believes the current trend could push Dogecoin even higher. He points to:
- A strong bounce: After hitting a low of $0.1316 in April, Dogecoin formed two bullish candlesticks, confirming $0.1316 as a higher low. This suggests a move to a new high is likely.
- Historical precedent: Marks notes that a similar breakout in August 2024 led to a 500%+ rally.
The Path to $1.25
Reaching $0.6533 would be a 279% increase from the current price. However, Marks sees $1.25 as a realistic secondary target if the bullish trend continues. While many hoped for Dogecoin to surpass $1 in 2024, it’s currently trading below $0.20. Breaking through Marks’ targets would mean new all-time highs for Dogecoin.
Challenges and Considerations
Other predictions are more conservative. Changelly, for example, forecasts a maximum price of $0.30 in 2025. Reaching $1.25 will depend on several factors, including strong buyer interest and Bitcoin’s performance.
Current Status
At the time of writing, Dogecoin is trading at $0.1828, up 11.65% in the last 24 hours.