Dogecoin Poised for Major Price Expansion, Analysts Predict New Highs
Dogecoin, the popular meme-coin, is on the cusp of entering a significant expansion phase, according to crypto analyst Cas Abbé. Following an extended period of accumulation marked by muted sentiment but strong price support around the $0.20 level since August, Dogecoin's current movements suggest a robust breakout could be imminent. This shift is notable for its underlying institutional interest, differentiating it from previous retail-driven rallies.
Behind the Impending Dogecoin Surge
Abbé highlights several factors contributing to this optimistic outlook. The prolonged base-building within a wide accumulation range, particularly around $0.20, typically precedes sharp upward moves as demand gradually strengthens. Crucially, current breakout attempts are supported by increasing trading volume, which the analyst interprets as institutional accumulation rather than speculative retail hype seen in past bull cycles. Furthermore, technical indicators like the Relative Strength Index (RSI) remain in a mid-range position, indicating ample room for growth before the asset becomes overbought.
Technical Foundations and Historical Precedent
Beyond market sentiment, the Dogecoin mining hash rate has shown a massive increase since early 2025, demonstrating a steady rise in network strength even amidst price consolidations. This growing network robustness underscores a healthy, fundamental expansion. Historically, Dogecoin's price cycles have exhibited a consistent pattern: long sideways movements followed by sudden vertical expansions. The cumulative value days destroyed (CVD) chart illustrates this, showing price action remaining within accumulation zones before breaking higher in both 2018 and 2021. Unlike those previous peaks, however, current on-chain metrics remain calm, suggesting a more genuine accumulation phase rather than immediate profit-taking. This expansion is seen as the beginning of a new directional trend capable of redefining Dogecoin's price structure. While Cas Abbé refrained from specifying a target, other analysts, including Javon Marks, project Dogecoin could surpass its 2021 peak of $0.7316, potentially breaking the $1 threshold and reaching as high as $1.25. At the time of writing, Dogecoin is trading at $0.237, reflecting a 9.5% increase over the last 24 hours.
