Market analyst Javon Marks speculates that the Dogecoin bull cycle is off to a flying start, insisting that a surge to a new all-time high is imminent.
Despite several attempts, Dogecoin has failed to trade above the multi-year resistance at $0.42. The meme coin’s last effort earlier in the month sparked an over 16% correction to as low as $0.36537.
However, top analysts continue to bet on Dogecoin’s surge this cycle. Most recently, seasoned market speculator Cantonese Cat stated that the leading meme coin is ready for its next bullish outburst, targeting an ambitious surge to $24.
Higher Prices Imminent: Analyst
Meanwhile, market expert Javon Marks has insisted that Dogecoin is historically having one of its best bull cycles. In a Monday tweet, the analyst suggested that the asset’s price action has unfolded almost perfectly, indicating that DOGE will perform much better this bull season.
Furthermore, the analyst speculated an imminent bullish momentum that would catalyze the surge past the current resistance to make a new all-time high. His assertion hinged on Dogecoin’s historical price action in this stage of the bull cycle.
Dogecoin Historical Price Action
Interestingly, Marks noted that the imminent 86% uptick from the current market price to surpass its previous high does not end Dogecoin’s bull cycle. The seasoned commentator asserted a much higher target, insisting that a 653% push to $3 is conservative.
According to Marks, a super-bullish cycle for Dogecoin would see it hit ambitious prices like $7.20 and $15. Notably, this would entail a 1,709% and 3,669% price growth, respectively.
Analysts Share Aligning Dogecoin Price Calls
Meanwhile, Marks’ Dogecoin call aligns with other notable price speculations from notable analysts. For instance, Ali Martinez speculated in a recent commentary that the largest meme coin by market cap would surge to at least $3 and as high as $18 if things go wild.
Also, lead Dogecoin analyst Kevin suggested a slightly higher price action to $4. The Crypto Basic reported that the market speculator based his lofty price call on a macro golden pocket price pattern.
In the meantime, Dogecoin trades at $0.398, down 2.6% in the past seven days.
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