Dogecoin is starting to stabilize again above the $ 0.16 level, as its price share in the last 48 hours show. In the current state of things, the bulls of medication Try to reverse The downward trend that started earlier this month, which saw its price drop to $ 0.146 at the start of last week.
However, although The current feeling may seem slowA look at historical trends suggests that the recent withdrawal could be calm before explosive continuation. Interestingly, technical analysis shows that Dogecoin could be on the right track of evaluations above $ 20 if it repeats one of its previous cycling trends.
Potential 120x Dogecoin rally above $ 20 +
A shared analysis on x By crypto analyst, Javon Marks, take a look at the cyclic nature of Dogecoin and the presentation of prices in previous cycles to predict his future movement for the current cycle. By mapping the table of candlesticks of 12 days of Dogecoin, the analyst identified three distinct accumulation phases followed by massive growth: the 2017 rally, the 2021 Bull Run massif, and what seems to be the Problem stages at the MIDE of the Consture cycle.
Each of the previous cycles started with months of lateral movement or slightly upwards before finally entering parabolic gains. This model, which took place for the first time in 2017, not only repeated in 2021, but ended up with greater yields and started from a higher base.
As shown in the graph below, Dogecoin jumped approximately 90x from its accumulation range in 2017. This was followed in 2021 by a larger gathering of 306x which pushed DOGE in the dominant current and ended up with its current level of all time about $ 0.73.
Now in 2025, Despite a certain volatility of the cycle of the cycle, The Dogecoin price table again forms a familiar model of an upward consolidation phase with higher stockings. This foundation for upwards is important because it shows that Dogecoin prepares the ground for another large macro movement.
If the trend continues, the analyst predicted that Dogecoin could take a gathering of more than 120 times its current value. In this case, the analyst projected a price target of more than $ 20 for the next significant Dogecoin peak.
This cycle could be the most explosive to date
The Bull Run 2017 delivered an increase of 90x, followed by a much larger 306x explosion in 2021. If the same exponential growth model is true, the current cycle could eclipse the price gains observed in the two previous gatherings.
Cycle -based projections have was the rave for Dogecoin and other large cryptocurrencies with market capitalization. These predictions resonated with technical analysts, in particular with traders of coins, because of the way Bitcoin and Ethereum have joined the division cycles in half of four years.
If Doge’s performance really follows its past, the rally at $ 20 will undoubtedly align with a wider Euphoria Altcoin which is generally observed at the top of the bull markets. Based on the current Dogecoin circulation offer, an increase of $ 20 would see its market capitalization exceeding 2 billions of dollars. At the time of writing the editorial staff, DOGE is negotiated at $ 0.162, increasing by 0.8% in the last 24 hours.
Pixabay star image, tradingView.com graphic
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