Crypto analyst Javon Marks has recently made a very bullish prediction for the Dogecoin price in the current bull run. According to Marks, Dogecoin could potentially rise as high as $17 based on its historical performance in previous market cycles. Marks shared a chart on his X platform in which he predicted that Dogecoin could experience a 21,700% price gain and reach $17, citing the meme coin’s track record of larger runs in each subsequent bull run.
During the 2017 bull run, Dogecoin saw a price gain of over 7,100%, while in the 2021 bull run, it made a price move of 22,800%. Marks believes that in the current bull run, Dogecoin will surpass its previous performance and reach $17. However, some of his followers are skeptical of this prediction, as reaching such a price level would give Dogecoin a market cap of over 2 trillion based on its current circulating supply. This has raised questions about the feasibility of Marks’ ambitious price forecast.
Despite the skepticism, other crypto analysts like Kevin have also shared bullish price predictions for Dogecoin, although not as high as Marks’. Kevin predicts that Dogecoin could rally to over $3 in this market cycle, based on its historical price action in previous cycles. He pointed out that Dogecoin has consistently met or surpassed the 1.618 Macro FIB extension from previous bull market highs to bear market lows, with the current 1.1618 FIB level at $3.80, indicating a potential rise to this price level.
Kevin also highlighted some bullish indicators for Dogecoin, such as a massive bullish divergence on the weekly Stoch RSI and the formation of a higher low. He mentioned that the last time Dogecoin crossed bullish at $0.08, big moves followed, suggesting that the meme coin could be gearing up for significant price movements in the near future. Another crypto analyst, Crypto Kaleo, also predicted that Dogecoin would outperform Bitcoin in this market cycle, referring to it as a meme supercycle and stating that Dogecoin is ready for a parabolic move to the upside.
In conclusion, while some investors may be cautious about Javon Marks’ ultra-bullish prediction for Dogecoin to reach $17 in this bull run, there are also other analysts like Kevin and Crypto Kaleo who believe in the meme coin’s potential for significant price gains in the current market cycle. With Dogecoin’s historical performance and positive indicators, it will be interesting to see how the meme coin performs in the coming months as the crypto market continues to evolve.
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