Dogecoin, 500% Rally Coming... '1.25 Dollar' Scenario Presented from Bullish Divergence

▲ Dogecoin (DOGE)/ChatGPT generated image

A bullish divergence has been confirmed on Dogecoin's (DOGE) 3-day chart, raising the possibility of a significant surge. Bitcoinist reported on May 14 (local time) that crypto analyst Javon Marks analyzed that Dogecoin is preparing for a 500% price rally, which could subsequently open the door to a higher target price of $1.25.

In an analysis shared on X (formerly Twitter), Marks stated that Dogecoin is responding more positively to a key bullish divergence on the Moving Average Convergence Divergence (MACD) indicator. This divergence has been forming since 2025 and is interpreted as a signal that a cryptocurrency, which has been declining or consolidating for a long period, is building upward momentum beneath the surface.

Marks viewed Dogecoin's recent recovery around $0.10 as an early sign of a larger upward movement. He suggested that if a rally of approximately 500% occurs from the current price, Dogecoin could rise to $0.6533. This price is 11.4% lower than its all-time high of approximately $0.73 recorded in May 2021.

Marks predicted that after reaching $0.6533, Dogecoin could head towards $1.25 with even stronger upward momentum. He believes that $0.6533 could become a resistance level that opens the way to Dogecoin's historic price milestones.

In a separate analysis, market expert Jonathan Carter assessed that Dogecoin's bullish forces have begun to take market leadership. Carter explained that Dogecoin has broken out of a daily descending channel, and this trend strengthens the meme coin's potential for a rally.

Carter believes that if the breakout is confirmed with momentum, strong buying pressure could form as investors re-enter the market. He analyzed that despite recent price declines and bearish sentiment, Dogecoin's bullish structure remains intact.

Carter presented upside targets for Dogecoin this year at $0.135, $0.153, $0.182, and $0.206. His chart also showed room for Dogecoin to rise further to $0.28, but he recommended selling and profit-taking around $0.206.

Bitcoinist reported that the simultaneous analyses of Dogecoin's bullish divergence and descending channel breakout are increasing expectations for a rebound in the meme coin market. Marks' long-term targets are set at $0.6533 and $1.25, while Carter's short-term targets are in the range of $0.135 to $0.206.

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