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Here’s What Happens If Dogecoin Follows Previous Cycle Trends
Dogecoin is starting to stabilize above the $0.16 level once more, as seen in its price action over the past 48 hours. As it stands, enthusiasts of the meme coin are attempting to reverse the downtrend that began earlier this month, which resulted in a pullback to $0.146 early last week.
However, despite current sentiment appearing sluggish, a closer look at historical trends suggests that the recent correction could be the calm before an explosive continuation. Notably, technical analysis reveals that Dogecoin might be on track to valuations above $20 if it replicates one of its previous cycle trends.
Potential 120X Dogecoin Rally Above $20+
An examination shared by crypto analyst Javon Marks examines Dogecoin’s cyclical nature and price development in prior cycles to forecast its future movement for the current cycle. By mapping Dogecoin’s 12-day candlestick chart, the analyst identified three distinct phases of accumulation followed by massive growth: the 2017 rally, the massive 2021 bull run, and what appears to be the early-to-mid stages of the present cycle.
Each of the preceding cycles started with months of sideways or slightly upward movement before finally entering parabolic gains. This pattern, which first emerged in 2017, not only repeated itself in 2021 but ended up yielding bigger returns and began from a higher base.
As illustrated in the chart below, Dogecoin surged by about 90 times its accumulation range in 2017. Subsequently, in 2021 it increased by approximately 306X to end at an all-time high of around $0.73.
Now, in 2025, despite some mid-cycle volatility, Dogecoin’s price chart is once again forming a familiar pattern of an ascending consolidation phase with higher lows. This upward-sloping foundation proves crucial because it demonstrates that Dogecoin is setting the stage for another substantial macro movement. If this trend maintains its trajectory, the analyst forecasted that Dogecoin might embark on a rally exceeding 120 times its current valuation.
In this scenario, the price target above $20 would be reached.
Source: bitcoinist.com
