Dogecoin is Entering an Expansion Phase - Here's What It Means

According to cryptocurrency analyst Cas Abbé, the current movement of Dogecoin indicates that this coin is entering a new expansion phase after a long period of Accumulation. This movement comes after several months of relatively quiet trading with a strong support level, seemingly creating a platform for another strong breakout. Notably, technical analysis from various charts tracking hashrate, CVDD level, alpha price, and the network stress index of Dogecoin has provided context for this technical outlook, which could help Dogecoin soar to a new high price. Signs of the Expansion Phase of Dogecoin Sharing on the social media platform X, cryptocurrency analyst Cas Abbé explained a few reasons why the price of Dogecoin is about to enter a growth phase. The first reason is that Dogecoin has been trading within a wide Accumulation range for the past few months. This base price level has been at $0.20 since the beginning of August. This prolonged base-building structure is often observed before strong price surges, as it reflects a 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 bull cycles, which were primarily driven by retail investor hype. Technical momentum indicators like the Relative Strength Index (RSI) are currently at an average position, and this means that Dogecoin still has plenty of room to rise before reaching overbought conditions. Another factor is the hash rate chart of Dogecoin mining. As shown in the image below, the hash rate has risen sharply since the beginning of 2025, indicating that the network strength continues to increase steadily even during periods of stable and declining prices.

Historical Patterns Returning to Expansion Prospects One of Abbé's main points is that the price cycle of Dogecoin always follows a similar pattern, with long sideways moves followed by sudden vertical expansions. This cycle structure can be clearly seen in the CVDD chart (Culture Value Days Destroyed). As shown in the chart below, the price action of Dogecoin remained in the accumulation zone before breaking out in 2018 and then in 2021.

However, unlike the peaks in 2018 and 2021 when on-chain metrics were too hot, the current situation is quite calm, indicating that there is more Accumulation than profit-taking and distribution. The expansion phase is not just a short-term price increase but the beginning of a new trend that could reshape the price structure of Dogecoin. Although the analyst did not provide a price target, technical analyses from other analysts suggest that the price prediction will push Dogecoin's price well beyond the 2021 peak of $0.7316, moving towards the $1 threshold and beyond. A similar analysis by cryptocurrency analyst Javon Marks indicates that the price target for Dogecoin is $1.25.