Two crypto analysts have published contrasting technical analyses of Dogecoin, with Javon Marks identifying a macro higher-low pattern that could support a move toward the all-time high near $0.74, while MCO Global warns that the recent bounce appears corrective and resistance near $0.092 remains a key barrier. Marks argues that DOGE continues to print higher lows on higher timeframes, a structure that has historically preceded major rallies, while MCO Global's four-hour Elliott Wave analysis suggests the market may complete one more downward wave before a stronger relief bounce begins. The divergence reflects different analytical timeframes, with the macro view supporting long-term bullish potential and the short-term chart pointing to immediate downside risk.
Javon Marks Identifies Higher-Low Pattern Supporting ATH Retest
Crypto analyst Javon Marks argues that Dogecoin may be following the same macro structure that fueled its previous bull market rallies. According to Marks, DOGE continues to print a series of higher lows on the higher timeframes, a pattern that has historically preceded major upside expansions.
The analyst's two-week chart highlights a recurring cycle in which Dogecoin forms a descending consolidation pattern before establishing a higher low and breaking into a new upward trend. Similar structures appeared before the major rallies that pushed DOGE to record highs in previous market cycles.
Marks states that the current setup remains consistent with that long-term pattern. Despite the extended pullback from recent highs, Dogecoin continues to hold above its previous macro support levels, preserving the series of higher lows that defines the broader uptrend.
The analyst believes this structure leaves room for a move back toward Dogecoin's all-time high near $0.74. A return to that level from current prices around $0.084 would represent a gain of more than 730%.
Marks notes that the bullish scenario remains dependent on DOGE maintaining its higher-low structure and avoiding a breakdown below long-term support. Traders are watching whether Dogecoin can continue defending support and follow the same cycle path that previously led to significant rallies.
MCO Global Warns Corrective Bounce Faces Resistance at $0.092
Crypto analyst MCO Global presents a contrasting view, stating that Dogecoin may still have one more move lower before a stronger relief bounce begins. In a post on X, the analyst said DOGE faces resistance near $0.092 and that the latest rebound unfolded in three waves, suggesting it was corrective rather than the start of a new bullish trend.
The analyst's four-hour chart shows DOGE trading near $0.083 after failing to reclaim short-term resistance. According to MCO Global, the market may still be completing wave 3 of wave (5), which could allow one more low before wave 4 begins.
If DOGE breaks lower, the analyst notes that traders may watch support near $0.058, followed by deeper levels around $0.052 and $0.047. However, MCO Global states that a move back above $0.092 would weaken the bearish setup and suggest buyers are regaining control.
The analyst's chart points to short-term caution, with DOGE needing to reclaim resistance before a stronger recovery can be confirmed.
FAQ
Why do the two analysts have different views on Dogecoin's price direction?
Javon Marks analyzes Dogecoin on a two-week macro timeframe and identifies a higher-low pattern that has historically preceded major rallies, while MCO Global examines a four-hour chart using Elliott Wave analysis and identifies a three-wave corrective bounce structure. The contrasting conclusions reflect different analytical timeframes and methodologies.
What price levels are key for Dogecoin according to these analysts?
Javon Marks identifies Dogecoin's all-time high near $0.74 as a potential target, representing a gain of more than 730% from current prices around $0.084. MCO Global identifies resistance at $0.092 and potential support levels at $0.058, $0.052, and $0.047 if DOGE breaks lower.
