Market Expert Says Dogecoin Growing Strength to Spur 432% Surge to $2.28
The recent Dogecoin resurgence has caught the attention of notable market analyst Javon Marks, who speculates a sustained northward trend.The largest meme coin by market cap has regained bullish momentum after briefly reclaiming levels above $0.4000. Dogecoin surged over 10% yesterday, reclaiming the price zone after almost one month.Although the prominent meme coin has consolidated slightly today, Dogecoin has appreciated over 18% this week, spurred by a broader market rebound. Furthermore, a resurgence in whale accumulation has also contributed to the recent form.Meanwhile, market analyst Javon Marks suggested that the bullish traction will persist. He predicted an over threefold price uptick to unprecedented highs.A Dogecoin Surge on the HorizonMarks stated in a January 17 post that Dogecoin is back showing strength amid the latest rally. In truth, the meme coin has recently shown bullish prospects, surging to an almost six-week high of $0.4351 earlier on Jan. 18.Furthermore, the market expert suggested further upsides, citing Dogecoins historic cyclical performances. For context, the doggy-themed meme coin surged 12,000% four years ago and over 5,000% in 2017, spurred by bull market momentum.With that in mind, Marks asserted that Dogecoin could surge over 432% to at least $2.28758 in the coming days. Per an accompanying chart, the unprecedented price mark lies at the 1.618 Fibonacci level, where the meme coin peaked in the last two cycles.
Text source: The Crypto Basic
