It has been a while since the crypto markets witnessed a stunning Dogecoin price rally. The token has long been stuck at price levels ranging between $0.20 and $0.25, unable to break past to explore new price highs. That being said, Dogecoin is still holding on to the hope, with analysts issuing a new forecast, triggering a wave of excitement within the DOGE community.

Also Read: Is Elon Musk Dogecoin’s Only Hope for Reaching $1?

Dogecoin Aiming for New Moonshots

Dogecoin DOGE
Source: Forbes

Dogecoin had once dreamed of surpassing Shiba Inu, the OG memecoin that had once ruled over the cryptocurrency markets. With the retail activities taking a pause, Dogecoin stumbled gradually, falling to explore new lows the majority of 2025. However, with the DOGE ETF murmurs gaining significant momentum, Dogecoin is expected to gain some of its strength back, aiming to hit new highs once the market interest peaks again.

That being said, Javon Marks, a leading cryptocurrency analyst, has come up with a new bullish prediction for DOGE. Marks took to X to share a detailed future trajectory of the token, adding how the token is trying hard to surge 800% to hit a massive new high of the $2.28 price level.

Marks was quick to add an explanation, adding how DOGE’s current chart is displaying a crucial fib level setting, forecasting this rally.

“In the past two cycles, $DOGE has been 100% in meeting the 1.618 Fib Level. Making the likelihood of this happening again this cycle EXTREMELY HIGH! This means that it is highly likely we see DOGE climb another +800%. From here to the $2.28 levels, which is the approximate 1.618 Fib Level for this cycle. Now, if prices deliver a performance like they did last cycle. We could see $9.8+ reached in a more than 3,690% climb.”

The Token’s Price Chart: Technical Analysis and Price Targets

According to CoinCodex DOGE data, Dogecoin may end up exploring a new high of $0.29 by early January 2026.

DOGE STATS
Source: CoinCodex

“According to our current Dogecoin price prediction. The price of Dogecoin is predicted to rise by 15.63% and reach $0.290976 by January 7, 2026. Per our technical indicators, the current sentiment is neutral, while the Fear & Greed Index is showing 60 (greed). Dogecoin recorded 15/30 (50%) green days with 6.64% price volatility over the last 30 days.”

Also Read: Dogecoin Price & Status Update: What’s Up With DOGE Crypto?

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