A new Dogecoin price analysis by crypto analyst Javon Marks shows that Dogecoin is still moving 0 coin continues to make higher lows, which means each dip in price is not falling as low as 1 pattern is often a strong sign that an uptrend is still in 2 explains that even though Dogecoin has seen some pullbacks, the overall trend remains 3 this pattern continues, Dogecoin could see a significant move upward and triple in price from current 4 Marks Highlights Dogecoin Price Strong Uptrend In his new analysis, Javon Marks says the Dogecoin price is still showing strong technical signs of 5 Dogecoin price has been forming a series of higher lows on the chart, meaning buyers are still supporting the coin at stronger price levels each 6 kind of movement shows that the market is not losing interest and that the uptrend is still healthy.
Now, the price pattern looks stronger and more 7 to the analysis, the Dogecoin price has broken out of a long-term trendline that once acted as strong 8 chart shows the coin has now moved beyond a point that previously limited its 9 with some short-term pullbacks , Marks believes the Dogecoin market structure supports more upward 10 says the current setup is similar to the early stages of a larger move that can take Dogecoin much 11 who have been following Dogecoin for a long time are starting to notice this pattern 12 adds that Dogecoin’s chart appears to be building strength 13 higher low helps build pressure for the next possible 14 long as this trend continues, Dogecoin’s path stays 15 A 200% Price Move Remains On The Table Javon Marks believes Dogecoin could still see a 200% rise from its current 16 chart shows a main target near $0.6533, and possibly even higher, around $1.25, if the coin keeps moving in this 17 says these goals remain possible as long as Dogecoin keeps holding its higher-low 18 uptrend, which has been forming for a while, is the key reason why such a big move is still 19 long as prices do not fall below critical support zones, the bullish structure stays in 20 on this, Marks says the Dogecoin price could continue rising in the coming months if buyers remain 21 analyst is seeing this as a positive sign that Dogecoin’s next big run may still be 22 current price action shows stability, and the trend is still pointing 23 long as the higher lows keep forming and support stays strong, the chance for a 200% price jump remains open.
Story Tags

Latest news and analysis from Bitcoinist