Dogecoin Price Surge: Experts Predict $20 as DOGE Eyes New All-Time High

Coin WorldThursday, Feb 6, 2025 7:38 pm ET

1min read

Dogecoin (DOGE) price has been the subject of recent analysis, with some experts suggesting a potential surge that could see the cryptocurrency reach $20. This projection is based on the assumption that DOGE maintains a critical support level and follows its historical market cycles.

Analyst Javon Marks has shared insights on Dogecoin price, highlighting the potential for a substantial rally. Marks referenced previous cycles where DOGE experienced exponential growth, with a 90X increase in 2017 and a surge exceeding 306X in 2021. He noted that each bullish phase outperformed the previous one, supporting the possibility of an even larger price jump in the next cycle.

Marks' analysis projects that if DOGE follows the same pattern, it could experience another massive rally, surpassing its previous all-time high. He suggested that if this trend holds, DOGE could achieve a crypto rally exceeding 306X, pushing its price beyond $20.

Similarly, a recent CoinGape report highlighted the crypto rally, emphasizing Dogecoin price movements aligning with past market cycles. If the top meme coin price structure follows the 2017 trend, the DOGE price could be on track for a new all-time high. However, breaking through the key resistance level at $0.30 remains crucial for sustained upward momentum.

Analyst Ali Martinez provided a separate technical perspective on Dogecoin price, emphasizing the importance of maintaining a key support level. According to his analysis, DOGE must remain above $0.19 to retain its bullish setup. If this level holds, the meme coin could see a crypto rally targeting a potential rise toward $10.

Martinez's chart illustrates an ascending price channel, showing that DOGE has historically followed a structured upward trend. He identified multiple resistance and support zones, suggesting that the asset could continue its upward momentum. His analysis indicates that breaking below $0.19 could weaken the bullish outlook, while sustained price action above this level may drive further gains.

Despite the bullish projections, Dogecoin (DOGE) price has experienced a 14% decline in the past 24 hours, trading at $0.002134. Market data shows that the meme coin trading volume surged by 64.53%

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