Considering the reappearance of the bullish price trend, Javon Marks is confident that a similar result may unfold this cycle. This setup implies that Dogecoin has a high likelihood of witnessing a notable run, with the analyst putting his target at the $2.28 level.
Given that Dogecoin has historically surpassed this level, it increases the chances of the trend repeating in this cycle. Thus, Javon Marks anticipates a continuation of the impending surge beyond the $2.28 milestone this bull cycle.
The first aspect to consider is the 500-day Aggregated Liquidation Level. During DOGE’s last major drop, this metric shows a huge amount of liquidity, valued at over $380 million, was caught in the $0.50 zone. “Historically, when shorts pile up, DOGE tends to accumulate and surge months later,” he added.
