Unlike other meme coins in the market, Dogecoin's price has demonstrated resilience, achieving a strong recovery after weeks of price decline and consolidation. Highlighting the history of this strength and bullish performance, a cryptocurrency analyst predicts that Doge might regain its upward momentum and potentially push its price to a new all - time high of $2.2.

 

Dogecoin has once again caught the attention of the cryptocurrency market as its price continues to rise, driven by Donald Trump's presidency, Elon Musk's influence, and the overall hype of the bull market. Earlier this week, these bullish factors propelled the price of DOGE well above the $0.4 mark.

 

Although the meme coin has experienced a slight pullback, the renowned cryptocurrency analyst Javon Marks announced on X (formerly Twitter) that the price of Dogecoin will rise to $0.38 in a post. Dogecoin still shows significant strength. The analyst shared a technical analysis of DOGE, explaining how the meme coin could reach a new ATH of $2.28 based on its recurring historical performance.

 

 

According to the chart, Dogecoin's price cycle has been following a pattern of long - term consolidation, followed by a sharp upward breakout. Marks' technical analysis divides the meme coin into three different cycles, each showing a recurring bullish trend.

 

The first two cycles, from 2014 to 2021, indicate that DOGE traded within a defined range before breaking through to new all - time highs. In the third and current cycle, which started in 2021, Dogecoin seems to be approaching the upper limit of its consolidation zone, suggesting a possible breakout again, similar to its historical performance.

 

Using Fibonacci extension levels to precisely pinpoint Dogecoin's next price target, Marks predicts that repeating the past trend could drive Dogecoin up by more than 436%, potentially pushing its price to the 1.618 Fibonacci level of $2.28 or higher.

 

The analyst's detailed chart shows that Dogecoin's past cycle performance could serve as a blueprint, demonstrating how the cryptocurrency could gradually rise to a new ATH. As of the time of writing, the price of DOGE is $0.375, having steadily increased by 14.8% over the past seven days. The coin continues to show signs of recovery despite being in a long - term consolidation phase.

 

When Marks shared his bullish prediction for Dogecoin, he also stated that it might now be an opportune time for investors to consider DOGE. The price of Dogecoin is still in the consolidation zone. According to CoinMarketCap data, it has currently dropped by 3.8%, and the meme coin offers a lower entry point before the expected breakthrough to the $2.28 target.

 

Marks revealed that investors might "still be in the early stages," highlighting the opportunity to enter the market before a potential surge. However, caution is advised as the volatility of meme coins like DOGE can lead to sudden price fluctuations, making it a high - risk investment.