Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Crypto market analyst Javon Marks believes the Dogecoin price could be preparingfor one of its biggest price jumps yet. He thinks this setup gives the coin a strong chance to rise much higher in the current bull market if the pattern continues to repeat as it has before. Marks explains that this pattern is not random but follows historical price datathat has proven accurate over time. In his view, Dogecoin has built a reputation for repeating its market behavior during each major cycle. Every time the setup has formed, the price has responded by moving sharply higher. Javon Marks Highlights Dogecoin Price Consistent Fibonacci Pattern
In his analysis, Marks points out that Dogecoinhas a perfect record of reaching its main Fibonacci target in the last two market cycles. In both of those cycles, the coin reached the 1.618 Fibonacci level, giving it a 100% success rate in hitting that price target. Related Reading Market Expert Reveals Why The Bitcoin Price Will Never Stop Going Up 1 day ago
He believes the same pattern is building again right now, which makes the chance of another significant move extremely high. According to his chart, if Dogecoin follows the same structure again, the price could riseabout 800% from its current level. That would bring the coin to around $2.28, which matches the 1.618 Fibonacci level for this bull cycle. Source: X
The pattern is once again forming in almost the same way it did before, which gives him confidence in the current setup. Based on this, he believes the coin could make a sharp move higher as the market continues to strengthen, just like it did in earlier bull runs. Projection Points To Potential 3,690% Rally Toward $9.8
After further analyzing Dogecoin’s price chart, Javon Marks also provides a much bigger projection. He explains that if Dogecoin performs as strongly as it did in the last cycle, the price could go far beyond the $2.28 level. In that case, the next primary targetwould be around $9.8, which would mean a 3,690% increase from its current price. Related Reading Pundit Says XRP Price Can Easily Hit $1,000 If This Happens 2 days ago
Marks says this number is not random; it comes directly from comparing how much Dogecoin rose in earlier cycles to its current setup. In the past,the coin delivered massive percentage gains once it broke through its primary Fibonacci levels.
According to Marks, the technical setuplooks nearly identical to what the charts showed before Dogecoin’s previous massive rallies. If the coin once again delivers the kind of performance seen in the last bull run, the price could reach levels close to $9.8 or even higher.
If his analysis is correct, Dogecoin’s strong pattern could once again lead it to a massive rally, possibly reaching the $9.8 mark he projects, which would represent one of the most significant price surges in this bull cycle. DOGE holds support above $0.24 | Source: DOGEUSDT on Tradingview.com Featured image created with Dall.E, chart from Tradingview.com