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Home»Altcoins»Analyst says that the Dogecoin price is going into the expansion phase, this is what it means
Altcoins

Analyst says that the Dogecoin price is going into the expansion phase, this is what it means

2025-08-24No Comments3 Mins Read
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According to Crypto analyst Cas Abbé, the current Dogecoin movement suggests that it steps into a new expansion phase after a long period of accumulation. This development comes afterwards months of relatively mutilated sentiment With strong price support, which now seems to be the basic work for another strong outbreak. It is remarkable that the technical analysis of various Dogecoin, CVDD -levels, Alfa prices and network stress index from Dogecoin follows, offers context for these technical prospects, which can see the Dogecoin rise of new price heights.

Signs of an expansion phase in Dogecoin

To the social media platform X, Crypto analyst Cas Abbé a few reasons explained Why the Dogecoin price is about to enter an expansion phase. The First, that is Dogecoin has traded in a wide accumulation range in recent months. This basis has been the price level of $ 0.20 since the beginning of August.

This type of long -term base buildings is usually always known that it precedes sharp upward movements, because it reflects the gradual structure of strong demand. Moreover, the analyst noted that the current breakout attempts are supported by rising trade volumewhich he interpreted as Institutional accumulation. This is different from Dogecoin Bull Cycli in the past, which were usually based on the hype of the retail trade.

Technical momentum indicators such as the relative strength index (RSI) are Currently in a medium -sized positionAnd this means that Dogecoin still has an important space to climb before he touches overbough.

Another factor is the hash speed of the Dogecoin Mining. As shown in the image below, the hash speed has risen enormously since the beginning of 2025, which shows that the network strength is steadily climbing, even during price consolidations and decreases.

See also  ChatGPT has a surprising price prediction for ADA in 2024

Historical patterns Back Expansion of the prospects

One of the most important points of Abbé is that the price cycles of Dogecoin have consistently followed a similar pattern of long lateral stretching exercises, followed by sudden vertical extensions. This cycle structure can be seen in the cumulative value days destroyed (CvdD) graph. As shown in the graph below, the Dogecoin price action remained well within his accumulation zones before he broke higher in 2018 and then in 2021.

In contrast to the peaks in 2018 and 2021, where on-chain statistics were overheated, the current circumstances are calm, which shows More of real accumulation Instead of taking profit and distribution.

The expansion phase is not about short -lived spikes, but rather a new directional trend that could again define the price structure of Dogecoin. Although the analyst has not defined a price target, technical analyzes from other analysts point to price predictions that will bring the Dogecoin price far above the 2021 peak of $ 0.7316 in the threshold of $ 1 and then. A Similar analysis by Crypto analyst Javon marks a Dogecoin rate of $ 1.25.

At the time of writing, Dogecoin acts at $ 0.237, an increase of 9.5% in the last 24 hours.

Featured image of Unsplash, graph of TradingView

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