Dogecoin is trading around $0.09505, showing a 2.79% gain as bullish momentum strengthens. The price rebounded from support near $0.092 and continued climbing with steady buying pressure. The move signals renewed short-term strength as DOGE pushes toward the $0.096 resistance zone. If momentum holds, the meme coin could attempt a broader recovery above the current range.
Dogecoin Cycle Pattern Signals Potential Rally Toward $1.80
According to analyst Javon Marks, Dogecoin continues following a repeating cycle pattern. Price is currently trading near $0.12 after a long stagnation phase. Previous cycles showed similar structures: breakout, consolidation, then explosive growth. The chart suggests Dogecoin may be preparing for another major expansion phase.
Marks highlights three potential targets if the breakout repeats historical behavior. The first target sits near $0.739, representing roughly a 7.5× move. A stronger rally could push DOGE toward $1.25, exceeding an 11× increase. Extended momentum may even drive prices above $1.80, completing the projected cycle surge.
Dogecoin Eyes 4.5x Rally From Key Demand Zone
The weekly chart of Dogecoin, shared by analyst Fibby, shows price trading near $0.09 within a strong historical demand zone. This area previously triggered rebounds after extended downtrends. The price is also approaching the 0.382 Fibonacci level near $0.11, highlighting a key support region. Such zones often attract buyers looking for favorable risk-reward setups.
According to Fibby, the move from around $0.09 back to the previous $0.48 all-time high represents roughly 4.5x upside potential. The chart structure suggests a possible accumulation phase after a prolonged decline. If demand holds, DOGE could target $0.15 and later $0.29 resistance levels. This makes the setup appear attractive despite the analyst not focusing on the coin’s fundamentals.
Source: https://coinpaper.com/15386/dogecoin-price-eyes-breakout-as-analysts-predict-potential-rally-toward-1-80
