According to cryptocurrency analyst Cas Abbé, the current trend of Dogecoin indicates that the coin is entering a new expansion phase after a long accumulation period. This development comes after several months of relatively quiet trading with strong price support, seemingly setting the stage for another strong breakout.
Notably, technical analysis from various charts tracking the hashrate, CVDD level, alpha price, and network stress index of Dogecoin has provided context for this technical outlook, which could help Dogecoin soar to new price highs.
Signs of Dogecoin's Expansion Phase
Sharing on the social media platform X, cryptocurrency analyst Cas Abbé explained a few reasons why Dogecoin's price is about to enter a growth phase. The first reason is that Dogecoin has been trading within a broad accumulation range for the past few months. This base price has been at $0.20 since the beginning of August.
This prolonged base-building pattern is often known before strong price increases, as it reflects the gradual accumulation of strong demand. Furthermore, the analyst notes that the current breakout efforts are supported by increased trading volume, which he interprets as accumulation by institutions. This is unlike previous Dogecoin price cycles, which were primarily driven by retail investor hype.
Technical momentum indicators like the Relative Strength Index (RSI) are currently at average levels, which means that Dogecoin still has plenty of room to increase before reaching overbought conditions.
Another factor is the Dogecoin mining hash rate chart. As shown in the image below, the hash rate has surged since early 2025, indicating that network strength has been steadily increasing even during periods of stable and declining prices.
Historical Patterns Reflecting Expansion Prospects
One of Abbé's key points is that Dogecoin's price cycle always follows a similar pattern, with long periods of sideways movement, followed by sudden vertical expansions. This cyclical structure can be clearly seen in the CVDD (Culture Value Days Destroyed) chart. As shown in the chart below, Dogecoin's price action remains within the accumulation zone before the breakout in 2018 and then in 2021.
However, unlike the peaks in 2018 and 2021 when on-chain metrics were overheated, the current situation is quite calm, indicating genuine accumulation rather than profit-taking and distribution.
The expansion phase is not characterized by short-term price spikes but is the beginning of a new directional trend that could reshape Dogecoin's price structure. Although the analyst did not provide a price target, technical analyses from other analysts indicate predictions that would push Dogecoin's price well beyond the 2021 peak of $0.7316, heading towards the $1 mark and beyond. A similar analysis by cryptocurrency analyst Javon Marks suggests a price target of $1.25 for Dogecoin.
