$DOGE Dogecoin (DOGE) could be poised for a significant breakout, according to crypto analyst Javon Marks, who maintains a bullish outlook despite recent price volatility.
After a strong rally in previous weeks, Dogecoin has faced downward pressure, dropping from $0.25 to around $0.21. Despite a brief recovery attempt near $0.23 on May 17–18, the token remains subdued, currently trading around $0.21 with a 12% loss over the past week.
While short-term price action reflects volatility, analysts remain focused on long-term technical indicators that suggest a broader bullish trend.
Dogecoin to $0.6533?
Javon Marks has reiterated his price target of $0.6533, first projected on April 22. This forecast is based on a multi-year trend reversal, as DOGE broke out of a descending resistance line that had been in place since its 2021 peak near $0.70.
Following this breakout in late 2023, Dogecoin has formed a series of higher highs and higher lows—a classic bullish pattern. Supporting this structure, DOGE found support around $0.16 during a recent retracement, establishing a new higher low.
From its current price of $0.2172, Marks' target of $0.6533 suggests a potential upside of 200.79%. He also highlighted additional targets, including a retest of the previous all-time high at $0.74 and a long-term projection of $1.25111.
Key Resistance: $0.26 Zone
Market analyst Ali Martinez pointed to the $0.25–$0.26 range as a critical resistance zone on the 3-day chart. This level has consistently acted as a barrier since late 2024, reversing multiple bullish attempts.
In December 2024, it served as support before flipping into resistance in early 2025.
In February 2025, DOGE hit $0.28 but quickly fell below $0.15.
March brought a move above $0.19, which also failed to break through resistance.
Most recently, in May 2025, Dogecoin touched $0.24 but closed at $0.2276, underlining ongoing selling pressure.
Martinez suggests that a sustained breakout above this level could mark a significant shift, though he advises caution ahead of such a move.
Renewed On-Chain Activity
Despite resistance challenges, Dogecoin’s network activity has surged. On-chain data from IntoTheBlock shows sharp increases in engagement over the past week:
New addresses: +102.40%
Active addresses: +111.32%
Zero-balance addresses: +155.38%
These metrics reflect renewed interest and participation in the Dogecoin network, aligning with a broader market uptick and potentially signaling building momentum.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. The views expressed are those of the respective analysts and do not represent the opinions of The Crypto Basic. Always conduct your own research before making any investment decisions. The Crypto Basic is not liable for any financial losses.
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