Dogecoin has recently shown signs of stability, hovering above the $0.16 mark during the recent trading sessions. The price action over the last two days indicates that enthusiasts are making efforts to halt the recent downward trajectory that had seen prices dip to around $0.146 last week.
While market sentiment might appear lackluster, examining the historical data reveals that recent price pulls may indicate a setting for significant future gains. Technical indicators suggest that if Dogecoin mirrors its prior trends, it could potentially reach valuations exceeding $20.
Possibility of a 120X Surge Above $20
Insights shared by analyst Javon Marks on X delve into Dogecoin’s cyclical characteristics to project its future price movements. By assessing a 12-day candlestick pattern, the analyst has pinpointed several accumulation phases followed by aggressive price surges: notably in the rallies of 2017 and 2021, along with the ongoing cycle that appears to be in its initial stages.
Historically, each cycle commenced with several months of consolidation or mild price appreciation before entering a phase of rapid price increases. This trend, which emerged in 2017, re-emerged in 2021 and resulted in more significant returns, starting from a stronger baseline.
The data illustrated below indicates that during the 2017 cycle, Dogecoin’s price skyrocketed approximately 90X from its accumulation zone. The subsequent 2021 rally exhibited an even more remarkable 306X surge, launching DOGE into the spotlight and culminating at its all-time peak around $0.73.
Currently, in 2025, despite fluctuations typical of mid-cycle transitions, Dogecoin’s price pattern mirrors a familiar structure showing ascending support with higher lows. This upward trend is crucial as it implies Dogecoin might be preparing for another substantial price movement.
Should this bullish trend persist, the analyst forecasts an astonishing rally that could propel Dogecoin’s value over 120 times its current price, potentially leading to a peak exceeding $20 in the next significant price movement.
The Current Cycle: A Potential Record Breaker
The 2017 rally brought about a 90X increase, followed by an impressive 306X rise in 2021. If this exponential growth pattern continues, the present cycle might overshadow both previous rallies in terms of price appreciation.
Predictions based on historical cycles are gaining traction among crypto analysts, especially in relation to Dogecoin and other major cryptocurrencies. These projections resonate with technical analysts and meme coin traders alike, given the historical correlation of Bitcoin and Ethereum with halving cycles every four years.
If DOGE’s movements follow the script of its history, the ascent to $20 would likely coincide with a widespread altcoin frenzy, which is typical at the apex of bull markets. With Dogecoin’s current circulating supply, a rise to $20 would translate to a staggering market cap exceeding $2 trillion. At present, DOGE trades at $0.162, reflecting a modest increase of 0.8% in the last 24 hours.
