Dogecoin’s recent resurgence has caught the attention of renowned market analyst Javon Marks, who speculates on a sustained northward trend.
The largest coin by market cap resumed its bullish momentum after briefly recovering to levels above $0.4000. Dogecoin surged over 10% yesterday, reclaiming the price zone after almost a month.
Although the prominent coin consolidated slightly today, Dogecoin appreciated by over 18% this week, boosted by a broader market rebound. Furthermore, a resurgence of accumulation of whales has also contributed to recent form.
Meanwhile, market analyst Javon Marks suggested that the uptrend would persist. He predicted a three-fold increase in prices, reaching unprecedented heights.
A Dogecoin surge on the horizon
Brands indicated in a press release dated January 17 job that Dogecoin is back, showing strength amid the latest rally. In truth, the meme coin has shown a bullish outlook recently, hitting a near six-week high of $0.4351 earlier on January 18.
Additionally, the market expert suggested further upside, citing Dogecoin’s historical cyclical performance. As a reminder, the dog-themed meme coin surged 12,000% four years ago and more than 5,000% in 2017, driven by bull market momentum.
With this in mind, Marks claimed that Dogecoin could rise by over 432% to at least $2.28758 in the coming days. According to an attached chart, the all-time price mark is at the 1.618 Fibonacci level, where the meme coin peaked over the past two cycles.
Notably, Marks earlier predicted that Dogecoin would reach $20 this year. However, his recent analysis suggests he has revised his price call.
Correlation of Dogecoin predictions
Meanwhile, Marks Dogecoin prediction aligns with the price outlook of other notable market analysts. For example, Trader Tardigrade affirmed last week, Dogecoin will reach at least 2% this cycle and 8% in 2028, citing recurring cyclical performance.
Prominent market analyst Ali Martinez predicted similar price action. He said the leading coin would reach $2 this cycle, also citing previous bull cycle performance.
However, Martinez revised his $2 forecast, speculating on much higher prices for the token. In a recent analysis, he insisted that Dogecoin could reach ambitious prices like $18 And $23 if the bull cycle is unleashed.
Currently, Dogecoin is trading at $0.3909, down 6% in the last 24 hours.
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