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- An analyst predicts Dogecoin could surge over 250%, mirroring its explosive 2017 rally toward new all-time highs.
- DOGE holds near $0.19, with $0.33 as the next target if bullish momentum continues.
Dogecoin (DOGE) appears to be poised for a repeat of its history. The world’s largest meme asset is beginning to show signs of a new bull cycle, reminiscent of its pre-2017 heyday.
Popular analyst Javon Marks believes that Dogecoin’s current movement pattern closely resembles the period leading up to its major rally eight years ago. If that pattern repeats, he predicts a potential increase of at least 251%. He even stated that the possibility of Dogecoin breaking its record high is no longer a distant dream.
$DOGE (Dogecoin) gets ready for its next cyclical surge to new All Time Highs and beyond in similar fashion as it did before 2017.
A 251% increase, at minimum, is in sight 👀 pic.twitter.com/iFv71FTDD1
— JAVON⚡️MARKS (@JavonTM1) October 16, 2025
Amid market volatility, DOGE is currently trading at about $0.18867. In the last 4 hours, the price has risen 1.33%, although it is still down 3.71% over the past 24 hours.
With a market cap of $28.68 billion and a daily spot volume of $986.11 million, Dogecoin remains one of the most liquid and actively discussed cryptocurrencies on the global market.
Dogecoin’s Key Support Could Trigger a Fresh Wave of Optimism
On the other hand, according to analyst Ali Martinez, $0.19 is a crucial area. He believes that as long as the price can hold above that level, the next target is $0.33. This level could serve as a new psychological trigger for investors to strengthen their long positions.
“If Dogecoin can maintain the $0.19 level, a move towards $0.33 is only a matter of time,” he wrote.
Meanwhile, derivatives data also provides interesting signals. According to CoinGlass data, Dogecoin derivatives trading volume surged 13.32% to $9.27 billion, indicating increased speculative interest from traders.
However, open interest actually fell 3.93% to $1.91 billion, which typically indicates the liquidation of short-term positions. On Binance, the long/short account ratio reached 3.0145, indicating that the majority of traders are still leaning towards long positions—a signal that the market has not lost optimism.
Furthermore, CNF previously reported that other analysts also highlighted Dogecoin’s still-robust uptrend, with higher lows continuing to form after breaking through key resistance zones.
The phenomenon of large accumulation by whales and increased derivatives activity is strong evidence that institutional interest in Dogecoin is growing. Some observers even predict that if this trend continues, this memecoin could potentially soar up to threefold.
Interestingly, this isn’t the first time Dogecoin has demonstrated significant potential amid a sluggish market. Last September, CNF noted that Dogecoin’s momentum indicator indicated a potential increase of up to 1,900%, largely driven by smart money activity and a decrease in token supply on exchanges (exchange outflows).
Retail activity remains relatively neutral, which could actually open up room for long-term growth as selling pressure is less intense.
