Dogecoin could potentially surge to $20, according to trading expert Javon Marks, based on its historical price behavior during bullish cycles. However, achieving a 60-fold increase would be highly ambitious given current market conditions. In the short term, Dogecoin enthusiast KrissPax predicts a bounce off an ascending support line. Despite a recent recovery, Dogecoin remains down over 10% on the weekly chart, indicating bearish sentiment. Key resistance levels near $0.40 are being closely monitored, and a failure to hold the $0.30 support could lead to further downward pressure. The cryptocurrency's future trajectory depends on market sentiment, retail interest, and its ability to maintain positive momentum.
- Content Editor ( finbold.com )
- 2025-01-14
Dogecoin on track for a '60x surge to $20' this cycle, says analyst