An analyst noted technical patterns that might recreate the 2016–2018 trend, potentially driving Dogecoin to $1.
Dogecoin 2025 Cycle Analysis
In his monthly analysis, analyst Alan examined the Dogecoin price structure from 2016 to 2018. He found that both the current and past cycles show similar fractal patterns, suggesting that historical events may repeat. DOGE displayed a prolonged bearish trend, then transitioned to price stability, and finally experienced a breakout.
Entering the Bullish Zone
The technical analysis revealed higher trading volume and monthly averaged closing prices for DOGE. Prolonged accumulation may soon lead to a breakout. Substantial market volume indicates increasing investor participation, creating favorable conditions for DOGE price growth, mirroring its historical cycle.
Alan’s $1 Target
Using past breakout patterns, analyst Alan made an optimistic prediction that Dogecoin could reach $1. The projected steep price increase comes from DOGE’s past exits from consolidation phases across cycles. The prediction depends on market-friendly dynamics and broader investment sentiment.
Despite the optimism around Dogecoin, Elon Musk dispelled rumors of its government use, stating that department names were chosen for fun.
