Recently, the cryptocurrency market has been awash in excitement, particularly regarding the potential resurgence of Dogecoin. While the past day has seen a minor dip in value, this popular meme coin has displayed remarkable momentum over the past week, surging from a low of $0.164 to a peak of $0.259 on May 23. This has enabled it to break through a significant resistance level around $0.22, which had acted as a barrier to its ascent since late April.
With broader market sentiment shifting towards positivity, many altcoins are experiencing similar upward trends, reinforcing the notion of a bullish landscape.
In fact, in-depth technical analysis suggests Dogecoin might continue to gain ground this year, with some predictions speculating potential prices as high as $3 by the end of 2025, based on historical cycle comparisons.
Historical Trends Support Future Growth
Recent observations shared on TradingView illustrate that Dogecoin has recently rebounded from its 1-Month Moving Average (MA50), a critical long-term indicator that has historically signified the launchpad for its explosive price movements.
The research delves into Dogecoin’s performance history, revealing three distinct cycles since its inception in December 2013, each of which culminated in substantial price hikes.
Data from the monthly candlestick charts suggests that Dogecoin’s price rebounded off the 1M Moving Average in September 2017 and again in February 2021. Both instances preceded extraordinary rallies of over 2,400%, pushing the coin to all-time highs.
This classic pattern has re-emerged in 2025, as the MA50 acts as a supportive floor once more around the $0.13 mark. This structural similarity raises the possibility of Dogecoin undergoing a bullish cycle reminiscent of that which propelled it from sub-$0.002 values to peaks of $0.73. If this pattern persists, projections indicate a potential surge beyond $3 within the current year.
Analyzing Percent Gains from Previous Cycles
Historically, Dogecoin’s significant price rallies have been preceded by accumulation periods characterized by consolidation around the 1M MA50. The initial rally during 2017 experienced a staggering rise from $0.0007 to $0.01827 within two months, marking a dramatic gain of 2,824% from its lowest point.
Similarly, the subsequent rally in 2021 saw a 2,403% increase from its rebound at the MA50, culminating at a price of $0.73. If we apply similar growth patterns to the most recent low of $0.13, the anticipated peak for the forthcoming cycle hovers near the $3.00 threshold.
In addition, robust daily technical indicators lend credence to this optimistic outlook, with an RSI reading of 64.264 and a favorable Moving Average Convergence Divergence (MACD) value of 0.014, coupled with an Average Directional Index (ADX) exceeding 32. This suggests a strengthening bullish sentiment surrounding Dogecoin.
Currently, Dogecoin is trading at $0.2279, following a 6.9% decline in the past 24 hours. This recent pullback brings the price close to a potential retest of the previously established resistance at $0.22.
Featured image from Unsplash, chart from TradingView
