According to Marks analysis, if Dogecoin follows the established trend, the next impulsive wave could push its price to $0.653, marking an explosive 270% surge. While past higher low formations support the likelihood of the analyst’s projected rally, Dogecoin’s recent breakout from the descending trendline reinforces its bullish structure.
Following a prolonged downtrend that saw the meme coin’s price crash to significant lows, Dogecoin has now broken out of a descending trendline, signaling the potential end of its bear cycle. Related Reading: Cardano Price Could Be Set For 100% Rally As This Bullish Triangle Has Formed On The Daily Timeframe Since reaching a cycle low, Dogecoin has consistently posted higher lows — a common sign of growing buying pressure and a steady uptrend.
Notably, a surge to the $1.25 target would mark an impressive 681.25% increase from the meme coin’s current market value of $0.16. DOGE Faces Make Or Break Level According to crypto analyst Ali Martinez, the Dogecoin price is currently at a make-or-break point, meaning that its next move could determine whether it sees a significant breakout or a sharp decline.
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