Dogecoin (DOGE) Price Prediction: Expert Says Breakout Could Push DOGE to $1.25

Sean Williams
Dogecoin (DOGE)

Getting your Trinity Audio player ready...
  • Key Takeaways

    Crypto analyst Javon Marks predicts a major Dogecoin breakout, forecasting a potential surge to $0.65 and even $1.25 if bullish momentum continues.
  • Despite recent sluggish price action below $0.20, Dogecoin is showing signs of an uptrend with higher lows, indicating strong breakout potential.

Dogecoin (DOGE) is once again trapped in a sluggish price range, currently hovering at $0.17 and struggling to break free. The popular meme coin is down 0.27% at press time, with its recent price action stuck well below the key $0.20 level. Despite the token’s sluggish performance and diminishing hype, a bold new forecast from one crypto expert suggests DOGE may soon surprise the market.

Dogecoin to the Moon? Analyst Sees Major Upside Potential

According to prominent cryptocurrency analyst Javon Marks, Dogecoin’s recent chart activity signals that the token is far from finished. In a detailed analysis shared on X (formerly Twitter), Marks highlighted that DOGE’s chart is forming a bullish breakout pattern. If this setup holds, the token could rally more than 260%, targeting the $0.65 level in the coming months.

“As prices continue to hold higher lows, this hints that Dogecoin is still in an uptrend,” Marks explained. “As the breakout holds, this gives a target where this uptrend can lead—and it can be right to the $0.6533 level in another +260% run from here. But that may not be the end.”

This bullish outlook comes at a time when many investors have grown skeptical of Dogecoin’s ability to reclaim its previous highs, especially as support from Elon Musk—once a key driver of DOGE rallies—has cooled in recent months.

Could DOGE Hit $1.25? Analyst Thinks It’s Possible

In addition to forecasting a potential run to $0.65, Marks sees even larger forces at play that could push DOGE well beyond that level. He suggests that a sustained post-breakout rally could ultimately send Dogecoin soaring to $1.25—a staggering 600% gain from current prices.

“With the post-breakout chop, these prices may break above this target, bringing into play $1.25,” Marks stated.

Notably, this is not the first time Marks has published an optimistic view on DOGE. In May, he issued a similar forecast, citing the token’s consistent pattern of higher lows and ongoing breakout momentum.

Also Read: Dogecoin (DOGE) ADX Resembles 2020 Pre-Rally Signal—Bull Run Ahead?

“$DOGE (Dogecoin)’s prices are maintaining their breakout and holding higher lows, which indicates clear signs of an uptrend,” Marks noted at the time. “A continuation within an over 191% uphill run towards the $0.6533 could be loading.”

Will Dogecoin Defy Expectations?

While Dogecoin remains stuck below critical resistance levels and faces an uncertain market environment, Marks’ analysis offers a glimmer of hope for long-term holders. If DOGE’s current breakout pattern holds and momentum builds, a major rally could be on the horizon—potentially sending the meme coin back toward the $0.65 level or even higher.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses

Related Posts