According to cryptocurrency analyst Cas Abbé, the current trend of Dogecoin indicates that the coin is entering a new expansion phase after a long period of accumulation. This development comes after several months of relatively quiet trading with strong price support, seemingly preparing for another strong breakout.

Notably, technical analysis from charts tracking hash rate, CVDD levels, alpha price, and network stress index of Dogecoin has provided context for this technical outlook, which could help Dogecoin spike to new price levels.

Signs of Dogecoin's Expansion Phase

Sharing on social media platform X, cryptocurrency analyst Cas Abbé explains several reasons why the price of Dogecoin is about to enter a growth phase. The first reason is that Dogecoin has been trading in a wide accumulation range for the past few months. This base price level has been around $0.20 since early August.

This prolonged accumulation pattern is often seen before strong price increases, as it reflects a gradual buildup 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 mainly driven by retail investor excitement.

Technical momentum indicators such as the Relative Strength Index (RSI) are currently at average levels, meaning that Dogecoin still has plenty of room to rise 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 steadily increased even during stable and declining price periods.

Historical Pattern Reflecting Expansion Outlook

One of the key points of Abbé is that the price cycle of Dogecoin always follows a similar pattern, with long periods of sideways movement followed by vertical expansion. This cycle structure can be clearly seen in the CVDD (Culture Value Days Destroyed) chart. As shown in the chart below, the price action of Dogecoin remained in the accumulation zone before the surge in 2018 and then in 2021.

However, unlike the peaks in 2018 and 2021 when the on-chain metrics were too hot, 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 rather the beginning of a new trend that could reshape the price structure of Dogecoin. Although the analyst does not provide a price target, technical analysis from other analysts predicts that it will push the price of Dogecoin beyond the 2021 peak of $0.7316, towards the $1 mark and beyond. A similar analysis from cryptocurrency analyst Javon Marks suggests a price target of $1.25 for Dogecoin.

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