Javon Marks believes Dogecoin could increase by over 830% from current levels to $2.11 following historical bull cycle trends.
By Bhushan Akolkar
Editor Julia Sakovich
Updated
3 mins read
With 35% monthly gains, Dogecoin DOGE $0.22 24h volatility: 1.4% Market cap: $33.32 B Vol. 24h: $2.21 B price continues to be on investors’ radar, with analysts predicting 830% upside from here. Although DOGE flirts around $0.23 as of now, market analysts are hopeful of a potential breakout coming ahead, accompanied by strong whale purchases.
Crypto analyst Javon Marks has expressed strong bullish sentiment on Dogecoin, citing historical patterns from previous bull cycles. According to Marks, the likelihood of DOGE price rallying over 226% from its current levels to break its all-time high of $0.73905 is “extremely high.”
[pBased on similarities to previous bull runs, the likeliness of $DOGE pushing over +226% from here to reach and break above the All Time High at $0.73905 is EXTREMELY HIGH!
History also points to Dogecoin climbing above the $1.42 and $2.11 levels after, which is increase of more… pic.twitter.com/knJOk6VGfQ
— JAVON⚡️MARKS (@JavonTM1) July 30, 2025
Marks further commented that if the trend persists, Dogecoin could continue its upward momentum and potentially reach price levels of $1.42 and $2.11. This would mark a staggering 830% upside from the current levels.
On the other hand, the DOGE whale activity has shot up significantly, with big players buying 130 million DOGE yesterday. After facing rejection at $0.28, the Dogecoin price corrected 20% slipping to $0.22. However, the largest meme coin is showing signs of a potential reversal ahead.
Crypto analyst Trader Tardigrade has highlighted a potential reversal signal for Dogecoin, pointing to the formation of a “Spinning Top” candlestick on the daily chart.
$Doge/D1#Dogecoin's daily candle closed with a Spinning Top.
This pattern often appears during a downtrend, suggesting a possible reversal. pic.twitter.com/GVbuFvX0Ce— Trader Tardigrade (@TATrader_Alan) July 30, 2025
According to the analyst, this pattern typically emerges during a downtrend and may indicate a shift in market sentiment or a pause in bearish momentum.
In a word with Decrypt publication, Grayscale Head of Research Zach Pandl said that the recent surge in interest in DOGE is primarily driven by investors’ renewed appetite for risk, instead of any fundamental developments. Pandl added:
“The gain in Dogecoin’s price this month is broadly in-line with other altcoins, and reflects an increase in crypto trader risk taking rather than any change in this project’s fundamental value.”
The Grayscale executive also added that the passage of stablecoin legislation in the US is providing a boost to broader crypto markets, including meme coins.
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.