Dogecoin Price Could Repeat 305x Run From Last 2 Cycles To To Touch $20 In 2025
Dogecoin Price History Points To Looming 305x Run
Javon Marks’ analysis highlights the extraordinary performance of Dogecoin in its prior bull cycles. In his post, he noted that DOGE’s rallies have progressively grown larger with each cycle, showcasing the cryptocurrency’s ability to outperform market expectations. Marks pointed out that the 2017 bull market saw Dogecoin gain unprecedented traction, followed by an even more extraordinary performance in 2021.
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This interesting analysis of the Dogecoin price is based on the 12-day candlestick chart, where Marks highlighted the meme coin’s price action since 2014. The first notable bull cycle, which took place in 2017, saw Dogecoin go on a 90x (9,404%) run that peaked at an all-time high of $0.01858. Similarly, the 2021 bull run, which was more pronounced in the broader crypto market, saw Dogecoin perform a 306x (30,693%) increase that peaked at its current all-time high of $0.736.
According to Marks, the current cycle presents an opportunity for Dogecoin to go on an even larger rally since returns have been bigger with each subsequent cycle. With this historical precedent, he argues that a similar or greater 306x run could push Dogecoin’s price past $20 by 2025. Although this price target is extremely bullish, it resonates with the outlooks of other analysts who have also based their technical analysis on Dogecoin’s movement in previous cycles #BinanceAlphaAlert #BTCBelow92K #SolvProtocolMegadrop #DEXVolumeRecord #BTCMiningPeak