Dogecoin is back to trading above $0.18, climbing even higher after rebounding recently higher lows. Recovering a new wave of optimism in the cryptocurrency market in the past 24 hours, starting with Bitcoin Over $90,000 Within this time frame.
According to crypto analyst Javon Marks, Dogecoin has the potential to reach over $1.25 in 2025, as narrative enhancements on the 5-day candlestick timeframe table.
Javon Marks rewrites Dogecoin Target to $1.25
Crypto analyst Javon Marks, in an update to the ongoing Dogecoin thread on X, Point out The current trend continuation can now surpass his previously determined target of 0.6533. His prospects are based on the price action of meme coins on a 5-day candlestick schedule and cuts the action over a multi-year timeframe.
According to Marks, Dogecoin is still pushing $0.6533 and can be used as a checkpoint for higher price levels. Marks draws inspiration from Dogecoin’s historical performance, and he last erupted from a higher low base that took place in August 2024, and his rally lasted over 500%. A similar model is currently being developed.
The chart released by Marks shows that Dogecoin maintains its bullish market structure over a larger time frame, despite price declines in December 2024. The price of this downward trend has brought Doge price down from $0.48. Until it hits the bottom $0.1316 on April 7. It is worth noting that subsequent price action at this price is low that allows Dogecoin to create two bullish candlesticks over a 5-day time frame. This, in turn, has confirmed that $0.1316 is higher lows over a larger timeframe, and the next step may be to rebound to a new higher high Similar to previous entertainment. Javon Marks noted that as the bounce has shown strength, the road to $0.6533 is becoming increasingly possible.
The transfer to $0.6533 is expected to increase by 279% from current levels. However, analysts also Outlined secondary goals He pointed out that if the bullish formation is fully functional, it is $1.25.
Does Doge actually hit $1.25 in 2025?
Dogecoin started a strong attention throughout the year, with many enthusiasts Expected sales to exceed $1 Before the end of the year. However, the price changes have already reached the price Now stuck below $0.2, And consider this level as the direct target to be turned off.
The target exceeding the Javon mark is $0.6533, followed by a $1.5 target that will put Dogecoin’s trade at new all-time highs. according to Doge Crypto Exchange Changelly has the potential to hit $0.3 in 2025 based on current buying momentum. Therefore, reaching $1.25 will depend on several factors in the wider cryptocurrency market, most notably buying interest and price performance of Bitcoin.
At the time of writing, Dogecoin is trading at $0.1828, up 11.65% over the past 24 hours.
Featured images from Istock, charts from TradingView.com
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