Crypto analyst Javon Marks presented an ultra-bullish forecast for Dogecoin price in this running of the bulls. The analyst says the top meme coin can reach such ambitious heights given its performance in previous market cycles.

Dogecoin will rise as high as $17 this Bull Run

Characters common a chart on his X platform (formerly Twitter) where he predicted that Dogecoin could see a price escalate of 21,700% and go up to $17. The analyst made this forecast based on Dogecoin’s historical breakout trendin which the meme coin had larger runs in each successive bull run.

It is known that during the 2017 bull run, Dogecoin saw a price escalate of over 7,100%, while the price of memes increased by 22,800% in the 2021 bull run. Therefore, Marks believes that Dogecoin will have a greater impact on this running of the bull than in 2021, which will allow for an escalate to $17.

However, some of his supporters be careful that Dogecoin is unlikely to reach such heights because based on its current circulating power, which would give the coin a market capitalization of over $2 trillion. As such, this put a question mark on Marx’s ambitious price predictions, given how much the cryptocurrency market will have to explode before DOGE can reach that market capitalization.

However, other cryptocurrency analysts like it Kevin (formerly Yomi OG) have shared bullish Dogecoin price predictions, although they are dwarfed by Marx. Kevin predicts that the premier meme coin could surge to over $3 this market cycle. He made this prediction by referring to Dogecoin’s price action in previous cycles.

The analyst said so Dogecoin has never been able to reach or exceed the Macro FIB extension of 1.618 measured from previous bull market highs to bear market lows – the current FIB level of 1.1618 Dogecoin is reportedly $3.80, which means that in this bull market it may rise to this price level.

More bullish narratives for DOGE

Kevin revealed this in a recent issue Post X that Dogecoin is causing a “huge bullish divergence on the week.” Stoch RSI (Relative Strength Index)” He noticed that too Dogecoin is currently making a higher low and added that the last time DOGE was at $0.08, it last broke above a bullish level. Based on this, he claims that gigantic moves are on the horizon for the premier meme coin.

Crypto analyst Crypto Kaleo as well recently predicted that Dogecoin will outperform Bitcoin during this market cycle. He then noted that this is a meme supercycle and that the “king of memes” will not be left behind. In another post on X he taken over that Dogecoin looks ready for this parabolic move higher.

Featured image created with Dall.E, chart from Tradingview.com