A cryptocurrency analyst has identified a bullish divergence on the three-day Dogecoin (DOGE) price chart that indicates a fresh breakout to new highs. He believes that the appearance of this formation indicates the possibility of the existence of Dogecoin Preparing for a huge 500% price hike. However, his optimistic forecast does not stop there, as the analyst expects a higher price target above $1 once this first target is reached.
Dogecoin bullish divergence signals move to $1.25
Javon Marks, the well-known cryptocurrency analyst at X, has done just that subscriber A new analysis of Dogecoin predicts two upside targets that are attracting the attention of investors and traders. According to the analyst, Dogecoin is now responding more positively Major bullish divergence Which has held up well on the Moving Average Convergence Divergence (MACD).
Marks’ accompanying chart shows that this divergence has been building since 2025, taking enough time and strength to develop. Usually, when MACD indicator Indicating a bullish divergence, it indicates that a cryptocurrency that spent a long period of time declining or trading sideways has quietly pulled back. Great momentum has been built Under the surface.
Given this strong foundation, Marx expects this DOGE’s recent rebound is near $0.10 It could be an early signal of a much larger move to the upside. He points out that the breakout signals a staggering price rise of about 500%, which, from current prices, could push DOGE straight towards $0.6533. This bullish level makes the meme fall only 11.4% from its level The all-time high is around $0.73 It is set for May 2021.
Once Dogecoin reaches $0.6533, Marks expects a bigger and stronger price rise towards $1.25. He noted that the $0.6533 level will likely be the resistance level that opens the way for Dogecoin to reach this historic milestone. According to the analyst, DOGE’s current bullish divergence has laid the foundation for a huge “running season” that could soon turn the memecoin’s price completely around.
The analyst says the DOGE Bulls have finally taken control
Meanwhile, in a separate analysis, market expert Jonathan Carter male that Dogecoin bulls They are now controlling the market as the price shows signs of a potential rise. The analyst revealed that DOGE has recently broken out Down channel on the daily time frame, which reinforces his optimistic outlook for the meme coin.
Carter believes that once this momentum breakout is confirmed, the meme coin could attract strong buying pressure as investors return to the market. Despite that Recent price declines and bearish sentimentthe analyst confirms that Dogecoin’s bullish structure remains intact.
He identified four potential upside targets for the meme coin this year, starting with a rise to $0.135, then $0.153, $0.182, and eventually $0.206. While its chart suggests that DOGE still has more room to rise to $0.28, it urges investors to sell and take profits around the $0.206 area.
Featured image created with Dall.E, chart from Tradingview.com
Editing process Bitcoinist focuses on providing well-researched, accurate, and unbiased content. We adhere to strict sourcing standards, and every page is carefully reviewed by our team of senior technology experts and experienced editors. This process ensures the integrity, relevance, and value of our content to our readers.
