Dogecoin, the beloved meme cryptocurrency, appears to be gearing up for a significant expansion phase, according to crypto analyst Cas Abbé. After months of relative dormancy and steady price support, the digital currency is signaling a potential breakout, fueled by a combination of technical indicators and rising institutional interest. As of today, Dogecoin is trading at $0.237, marking a 9.5% increase over the past day—a harbinger, perhaps, of things to come.
Signs Of Expansion
Abbé, sharing insights on X (formerly known as Twitter), highlighted several compelling reasons for Dogecoin’s anticipated upward trajectory. The coin has been oscillating within a wide accumulation range around $0.20 since early August, suggesting a foundation of robust demand. “It’s like a coiled spring,” Abbé mentioned, illustrating the potential for a sharp upward move. The technical momentum indicators, such as the Relative Strength Index (RSI), remain comfortably mid-range, indicating ample room for growth before the coin hits overbought territory.
Moreover, the rising trading volumes underpinning recent breakout attempts suggest institutional accumulation—unlike previous bull runs driven primarily by retail exuberance. This shift signifies a maturing market sentiment, with institutional players seemingly betting on Dogecoin’s long-term potential. This follows a pattern of accumulation, as seen in Whale Accumulation Drives Dogecoin’s V-Shaped Recovery From $0.21 Lows.
Historical Patterns and Network Strength
Abbé draws attention to historical price patterns, where Dogecoin has consistently demonstrated a cycle of extended lateral movement followed by vertical surges. The cumulative value days destroyed (CVDD) chart supports this view, showing that Dogecoin remains in its accumulation zones. Unlike the overheated metrics observed during the peaks of 2018 and 2021, current on-chain conditions are calm, indicating genuine accumulation rather than mere speculative profit-taking.
Interestingly, Dogecoin’s mining hash rate has been climbing steadily since the start of 2025. This uptick in network strength, even amidst price consolidations, signals a resilient and growing infrastructure. Abbé’s analysis suggests this could herald a more sustained and directional trend, potentially redefining Dogecoin’s price structure. Notably, recent developments such as the DOGE Surges 5% Amid Trump-Affiliated Dogecoin Mining Deal and Fed Comments have also contributed to the coin’s growing momentum.
Aiming For New Heights
While Abbé hasn’t pinpointed a specific price target, other analysts are more ambitious. Javon Marks, another crypto analyst, forecasts Dogecoin soaring past its 2021 peak of $0.7316 to breach the $1 mark, and possibly reaching $1.25. Such projections are not without precedent; Dogecoin has, in the past, captured the crypto community’s imagination with dramatic price swings.
However, these predictions come with a caveat. The crypto market is notoriously volatile, and while the signs are promising, investors should approach with cautious optimism. The real question is whether Dogecoin can sustain this momentum—an answer that only time will provide.
As we stand on the cusp of this potential expansion, the coming months could indeed be pivotal for Dogecoin. With institutional interest growing and historical patterns backing a breakout, the stage seems set for Dogecoin to once again capture the crypto spotlight. Whether it can reach the lofty $1 threshold or beyond, however, remains an unfolding narrative.
Source
This article is based on: Analyst Says Dogecoin Price Is Entering Expansion Phase – Here’s What It Means
Further Reading
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Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.