In recent developments, Dogecoin has demonstrated significant momentum, climbing rapidly after a period of relative stagnation. Within just 30 days, the cryptocurrency saw its price almost double, capturing attention across the crypto community. This surge aligns with a broader influx into the cryptocurrency market, highlighted by numerous optimistic signals appearing in Dogecoin’s price movement.
Having fluctuated primarily between $0.15 and $0.20 recently, the prospect of reaching $1 by June may seem ambitious. However, one notable market analyst suggests that this scenario is not only possible but backed by historical trends in Dogecoin’s price trajectory.
Comparative Analysis of Price Cycles: 2017 vs. 2025
Renowned analyst Master Kenobi recently shared an intriguing prediction via a post on social media. He draws parallels between Dogecoin’s current patterns and its performance during the previously explosive 2017 cycle. The analysis focuses specifically on Dogecoin’s significant growth following a lengthy consolidation phase that year, which ultimately led to a stunning spike of 850% over a brief period.
The shared chart illustrates a compression of this cycle, suggesting that the current consolidation period may only last 35 days, halving the time seen in 2017 before entering an expected bullish breakout lasting 22 days.
The comparison clearly shows historic data on the right—where Dogecoin experienced a 220% rise over 70 days followed by the explosive surge. In contrast, the left side of the chart depicts the current pattern, marked by a breakout that resulted in a 90% increase over just 35 days. This leads Kenobi to anticipate that Dogecoin may follow a similar trajectory as the one seen in 2017, possibly aiming for a price of $1.05 by early June.
Projected Price Targets and Market Conditions
According to Kenobi, the potential for Dogecoin to reach the significant price point of $1.05 within an upcoming 22-day window hinges heavily on maintaining robust bullish sentiment. For this target to become a reality, Dogecoin would need to display heightened momentum, surpassing the enthusiasm seen in past bull cycles.
Although this outlook is optimistic, it remains feasible, especially considering Dogecoin’s previous explosive movements in the market. Should it sustain gains above the $0.22 to $0.24 range and spark investor interest, known as FOMO (Fear of Missing Out), reaching $1 could indeed be within reach.
Additionally, Kenobi points out that Dogecoin is not alone in this potential surge; various altcoins are also anticipated to rally around late May and early June, with Dogecoin standing a good chance of leading the charge due to its popularity.
As of the latest updates, Dogecoin trades at $0.244, marking a 6% increase in the last 24 hours, showcasing steady growth amidst fluctuating market conditions.
