Dogecoin price is expected to hit $3 for Eoy, AS 2021 cyclic trend returns
Although the sign of the last 24 hours is a drop in Dogecoin, the meme coins have Perform outstandingly In the past week. The member rose from a low in May of 0.16428 to a high in May of 23 at 0.259, dumping key resistance levels around $0.22, after limiting its growth since late April.
This breakthrough is a source of bullishness as broader market sentiment changes, and there are several Major Altcoins will also register for the earnings.
Interestingly, technical analysis shows that Dogecoin still has a lot of room to run in terms of price action, and there is a periodic analysis Point to $3 by the end of 2025.
MA50 rebounds per month in 2017 and 2021 cycles
one Technical analysis has been released InvestingsCope on the TradingView platform shows that Dogecoin has just rebounded from the 1M MA50, a long-term moving average that has played a major role in launching its explosive rally in the past.
The analysis examines the price action since Dogecoin was launched in December 2013 and highlights three cycles, with the first two cycles leading to new price highs.
As shown in the Dogecoin monthly candlestick chart, Dogecoin bounced a 1m average of 50 in September 2017 and February 2021, especially with both rebounds marking the final retest zone where Meme Coin soared to over 2,400%.
Same setting Returned in 2025the monthly MA50 once again acts as support of $0.13. Similarity in price structure has opened up the possibility that meme coins are repeating the same bullish cycle Previously from Below $0.002 to $0.73. If this fractal pattern works again, this will cause parabolic parasitics to rise above $3 before the end of the year.
$3 goals based on average cycle rally 2,600%
Each cycle of the previous cycle gathering followed the accumulation phase and merged around 1m MA50, followed by a sudden explosion of prices. The first rally in 2017 raised the Dogecoin price from $0.0007 to $0.01827 in a two-month period, which is a 2,824% return from the lowest point to the top.
Similarly, the 1 million MA50 bounce in 2021 resulted in a 2,403% run from bottom to top and peaking at $0.73. Applying similar percentage gain to the latest loss of the recent low price of $0.13 will bring the next cycle to the top of $3.00.
Analysts also quoted Powerful technology in daily time range Support this prospect. The RSI reading is 64.264, combined with a positive moving average convergence difference (MACD) of 0.014, with the mean direction index (ADX) above 32, indicating the growth of Dogecoin’s bullish power.
Dogecoin is currently at $0.2279 after falling 6.9% in the past 24 hours. This callback brings price Close to possible retest The previous resistance was $0.22.
Featured images from Unsplash, charts for TradingView
Editing process For Bitcoin experts, focus on thorough research, accurate and impartial content. We adhere to strict procurement standards and each page is diligently evaluated by our top technical experts and experienced editorial team. This process ensures the integrity, relevance and value of our content to our readers.
