A Dogecoin evaluation by market watcher Javon Marks suggests a possible rise to $0.6533 and presumably $1.25 within the coming weeks.
Dogecoin (DOGE) has recorded a pointy worth enhance in current days, rising almost 40% inside one week from the $0.16 stage to an area excessive above $0.25. Whereas this rally highlights renewed momentum within the meme coin sector, some market analysts are focusing extra on the technical construction that has emerged since late 2023.
The value motion from Could 7 onward has proven sustained shopping for exercise with minimal retracement, suggesting continued investor curiosity.
Nevertheless, extra vital is the shift in Dogecoin’s long-term worth formation, which factors to a potential macro reversal in progress.
Lengthy-Time period Reversal Sample May Take DOGE Above $1
As an example, a detailed DOGE/USDT evaluation by Javon Marks highlighted Dogecoin’s breakout above a multi-year descending resistance that ensued after the coin peaked close to $0.70. Notably, this breakout, which occurred in late 2023, marked the tip of a protracted collection of decrease highs and decrease lows.
Since then, Dogecoin has displayed a constant sample of upper highs and better lows, a key indicator of strengthening bullish momentum. The latest retracement discovered help across the $0.16 space, forming a brand new increased low and reinforcing the rising bullish construction.
Following this growth, Marks initiatives a possible excessive at $0.6533, representing a 162% enhance from present worth ranges. Marks can be monitoring for a decisive breakout via this resistance, which might open the trail towards further beneficial properties, probably extending past the coveted $1 stage and surging towards $1.25.
Ascending Help Line Reinforces Broader Bullish Pattern
In a separate DOGE/USDT chart analysis, analyst Ali Martinez recognized a long-term ascending help trendline. This line has remained intact for over seven months, starting in October 2023 and increasing via Could 2025.
It has served as a basis for the broader bullish sample. Most lately, the worth motion examined this help in April 2025 and rebounded, sustaining the asset’s upward trajectory and confirming the trendline’s significance.
At present, Dogecoin has moved previous the 0.382 Fibonacci retracement stage and is approaching a near-term technical goal of $0.27, which sits simply above the 0.5 Fibonacci mark.
Open Curiosity and Whale Accumulation
Additional, as of Could 11, futures market information from Binance exhibits that 75% of Dogecoin positions are lengthy, with solely 24.99% quick, leading to a protracted/quick ratio of three.0.
This metric signifies that for each dealer anticipating a worth drop, three anticipate a continued rise. Whereas this demonstrates excessive ranges of bullish sentiment, it additionally introduces potential volatility, particularly if the market strikes counter to the dominant positioning.
Along with futures positioning, on-chain information highlights elevated whale exercise. Massive holders have amassed over 600 million DOGE throughout this era, including additional weight to the pattern of heightened curiosity.
DisClamier: This content material is informational and shouldn’t be thought of monetary recommendation. The views expressed on this article could embrace the creator’s private opinions and don’t replicate The Crypto Primary opinion. Readers are inspired to do thorough analysis earlier than making any funding choices. The Crypto Primary will not be accountable for any monetary losses.
