Dogecoin Price Surges as Analysts Eye $2.85 Target

Dogecoin is currently trading around $0.072-$0.074, close to a key cycle low near $0.0558.

Analyst Javon Marks believes Dogecoin may be entering the early stages of another major altcoin cycle.

The chart points to a long-term target near $2.85 based on the 1.618 Fibonacci extension, which would require an enormous move from its current price.

The next resistance area for DOGE is between $0.081-$0.088, where a large concentration of holders are waiting for a breakout.