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Home»Analysis»Analysts say Dogecoin Price is in the expansion phase, and here’s what it means
Analysis

Analysts say Dogecoin Price is in the expansion phase, and here’s what it means

adminBy adminAugust 24, 20253 Mins Read
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Analysts say Dogecoin Price is in the expansion phase, and here’s what it means
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According to Crypto analyst Cas Abbé, the current movement of Dogecoin suggests that after a long-term accumulation, it will step into a new stage of expansion. This development comes later A few months of relatively calm emotions With strong price support, it now appears to form the basis for another strong breakout. In particular, technical analysis of various charts tracking DogeCoin hashrate, CVDD levels, alpha pricing, and network stress indexes provides the context for this technical outlook.

Signs of Dogecoin expansion phase

Visit social media platform X to get Crypto analyst CasAbbé I explained some reasons Why Dogecoin Price is about to enter the expansion phase. First it’s the dog coin It has been traded within a wide range of accumulation over the past few months. This base has been at a price level of $0.20 since the beginning of August.

This type of long-term base construction reflects a gradual accumulation of strong demand, and is always known to precede sharp upward movements in most cases. Furthermore, analysts say that current breakout attempts are The rising trading volumehe interpreted it Institutional accumulation. This is unlike past Dogecoin Bull Cycles, which is primarily based on retail hype.

Technical momentum indicators such as relative strength index (RSI) are Currently in a medium distanceand this means there’s important room for Dogecoin to climb before it hits an overbought situation.

Another factor is the Dogecoin Mining Hash Rate Chart. As shown in the image below, hashrates have risen significantly since the beginning of 2025, indicating that network strength has steadily risen even during price consolidation and declines.

Historical Pattern Back Expansion Outlook

One important point of Abbé is that the Dogecoin price cycle consistently follows a long lateral stretch of a similar pattern followed by a sudden vertical expansion. This cycle structure can be seen on the Cumulative Date of Destruction (CVDD) chart. As shown in the chart below, Dogecoin’s price action remained well within the accumulation zone and rose in 2018 in 2021.

However, unlike the peaks in 2018 and 2021 when on-chain metrics were overheated, current conditions are mild. Details of the real accumulation Instead of making a profit and distributing it.

The expansion phase is not about short-lived spikes, but the beginning of a new directional trend that can redefine Dogecoin’s price structure. Analysts did not define price targets, but technical analysis from other analysts points to price forecasts that exceed the dogcoin price, which is $0.7316 above the 2021 peak, above the $1 threshold. a Similar analysis Crypto analyst Javon Marks points to a Dogecoin price target of $1.25.

At the time of writing, Dogecoin has traded at $0.237, up 9.5% over the past 24 hours.

Unsplash featured images, TradingView charts

Analysts DogeCoin expansion Heres Means phase Price
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