Dogecoin Set to Explode? Analyst Predicts Jaw-Dropping 1,160% Surge!

Jakarta, Pintu News – The latest analysis from a crypto expert suggests that Dogecoin (DOGE) may see a significant rise.

Javon Marks, a leading analyst, recently revealed that Dogecoin (DOGE) has the potential to rise up to 12 times, reaching unprecedented values.

Dogecoin ready to soar 12x, targets new all-time high of $2.28

Amidst the crypto market’s revival from a prolonged correction period, Dogecoin (DOGE) is stealing the spotlight once again.

Leading analyst Javon Marks stated that DOGE is gearing up for an incredible 1,160% surge that will push the price to an all-time high of $2.28 or approximately IDR 37,787 ($1 = IDR 16,568).

Read also: Dogecoin Skyrockets 7% Today – Experts Say a Mind-Blowing 12x Surge Could Be Coming Soon

His prediction is based on historical performance and technical indicators that show strong bullish cyclical patterns, such as those in 2017 and 2021.

In a recent commentary, Marks believes that Dogecoin will challenge the downtrend and break through important resistance. He believes that the combination of technical momentum and increased institutional adoption makes DOGE one of the most attractive crypto assets at the moment.

Momentum Returns After Correction, DOGE Strong Amid Uncertainty

Although Dogecoin has experienced a price correction of 44% since the beginning of the year, analysts advise investors to look at the major trends that are developing.

Marks urges the crypto community not to panic, but to pay attention to the fundamental factors that are strengthening DOGE. In the past week alone, DOGE recorded a 9.27% gain and is currently trading at around IDR3,041 ($0.1827), up 4.50% in the last 24 hours (25/3/25).

One technical signal that corroborates this prediction is the formation of a dragonfly doji on the weekly chart of DOGE. This pattern is often interpreted as a sign of rejection of lower prices and a potential reversal towards an uptrend.

Marks also pointed out that Dogecoin is currently in its third bull cycle, having recorded incredible spikes of 20,566% in 2017 and 44,471% in 2021.

Institutional Support Boosts DOGE ETF’s Potential

Aside from the technical side, institutional adoption is an important factor that strengthens the potential for a Dogecoin price surge.

Several large asset managers such as Grayscale and Bitwise have applied to launch a spot-based Dogecoin ETF, signaling a serious increase in interest from institutional investors in the meme-themed crypto asset.

Dogecoin’s entry into the institutional radar not only adds credibility, but also paves the way for large capital flows that could lift the price higher. Amid growing acceptance of crypto ETFs, DOGE is considered a strong candidate thanks to its massive community and high market liquidity.

Read also: Shiba Inu Eyes ETF Launch? SHIB Team Drops Bold Claims and Takes a Jab at Dogecoin!

DOGE Price Prediction: $2.28 Not the Highest Limit?

Marks believes that $2.28 (IDR37,787) is not an ambitious target, but rather conservative when viewed from the Fibonacci extension of 1,618, a zone that DOGE has broken in the previous two cycles. This makes the target seem realistic amid a larger potential bull run.

Even another analyst, Ali Martinez, projects that Dogecoin could rise to $20 (IDR 331,360), or more than 11,296% from its current position-provided the price stays above the key support of $0.16 (IDR 2,650).

In addition, technical analyst Carl Moon also identified a falling wedge pattern that could potentially break to the upside with a short-term target in the $0.4350 (IDR7,203) area.

Overall, with strong technical support, growing institutional adoption, and recovering crypto market sentiment, Dogecoin is now at a crucial juncture. If the predictions of Javon Marks and other analysts prove to be correct, DOGE could be one of the best performing assets in 2025.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• TheCryptoBasic. Top Analyst Says Dogecoin Prepping for a 12x Surge Past $2.28. Accessed March 25, 2025.