The post Dogecoin (DOGE) Price: Getting Ready for Surge Above $2? appeared on BitcoinEthereumNews.com.
TLDR: Dogecoin (DOGE) recovered from recent declines, trading at $0.375 with a 14.8% weekly gain Technical analyst Javon Marks predicts potential rise to $2.28 based on historical pattern analysis Price currently consolidating below $0.4050 with key resistance at $0.3680 and $0.3750 Current market shows similar pattern to previous cycles from 2014-2021 Donald Trump’s presidency and Elon Musk’s influence cited as contributing factors to recent price movement Dogecoin has entered a period of price consolidation after reaching levels above $0.40 earlier this week. The digital asset, currently trading at $0.375, has shown a 14.8% increase over the past seven days despite recent market fluctuations. Recent price action shows Dogecoin experiencing resistance at the $0.4050 level, leading to a pullback that took the price below $0.380. Technical data indicates the formation of a bearish trend line with resistance at $0.3650 on hourly charts, while the price remains below the 100-hour simple moving average. DogecoinDOGE Price The cryptocurrency found support at $0.3380 during its recent dip, establishing what traders view as a potential bottom for this consolidation phase. Current market structures show immediate resistance levels at $0.3650 and $0.3680, with a major barrier at $0.3750. Crypto analyst Javon Marks has released a detailed technical analysis suggesting that Dogecoin could reach new heights of $2.28. This prediction is based on recurring patterns observed in the cryptocurrency’s historical performance, particularly focusing on cycles spanning from 2014 to 2021. $DOGE (Dogecoin) is BACK SHOWING STRENGTH and by its historical performances, prices can be set for an OVER +432% GAIN from here, AT THE LEAST, to and above its 1.618 Fib Extension level which is currently at ≈$2.28758! We could still be early ⚡️… https://t.co/BtYB3vaWHH pic.twitter.com/vnXgiD8jrC — JAVON⚡️MARKS (@JavonTM1) January 17, 2025 The analysis divides Dogecoin’s price history into three distinct cycles. Each previous cycle demonstrated…