Dogecoin Eyes $20? Analysts Predict 306X Surge Amid Bullish Trends

Dogecoin (DOGE) is back in the spotlight with analysts predicting a big price explosion.

Crypto analyst Javon Marks says DOGE’s historical price action is hinting at a massive rally this cycle.

Marks points out DOGE’s past exponential pumps—an 90X increase in 2017 and a 306X rally in 2021. If this pattern continues the next bull run could take DOGE to new highs potentially above $20. His analysis shows DOGE follows an accumulation and breakout pattern.

• 2017 Bull Run: 90X

• 2021 Bull Run: 306X

• Next Cycle: Beyond $20

A recent CoinGape report agrees with this prediction, if DOGE follows its 2017 and 2021 trajectory it could be in for another all time high. But overcoming the resistance at $0.30 is key for long term momentum.

Key Support at $0.19 Crucial for Momentum

Technical analyst Ali Martinez has a different view, DOGE needs to hold above $0.19 to maintain the bullish setup. According to Martinez this is a key support zone—if it holds DOGE could go to $10 in the short term.

Martinez’s technical analysis is an ascending channel reinforcing DOGE’s uptrend. Key points:

• Support: $0.19 — Bullish continuation

• Resistance: $0.30 and above

• Breakout Target: $10+ if support holds

If DOGE goes below $0.19 Martinez says it will be weakness in the bullish structure and we might see a temporary pullback. But if above this level it will strengthen the case for the uptrend.

Despite the long term outlook DOGE is down 14% in the last 24 hours trading at $0.2134. But the market is active with DOGE’s volume up 64.53% to $6.37 million.And large DOGE holders—whales—have been accumulating big. 750 million DOGE have been bought in the last days of the price drop. They believe in the future.

What’s next?

Analysts are bullish but DOGE’s path will depend on macro, market sentiment and support levels. If the pattern continues Dogecoin could be in for a big breakout and new all time highs this cycle.

Keep an eye on the price action around the resistance and support zones