Dogecoin Poised for Breakout After Prolonged Accumulation
Crypto analyst Cas Abbé signals that Dogecoin is entering a new expansion phase after months of trading within a $0.20 accumulation range. Rising trading volume and mid-range RSI suggest genuine institutional demand and room to climb before overbought levels. On-chain metrics reinforce this outlook: Dogecoin’s hash rate has surged since early 2025, indicating growing network strength, while cumulative value days destroyed (CVDD) charts mirror historical pre-breakout patterns seen in 2018 and 2021. Unlike past spikes driven by retail hype, current conditions reflect calm, sustained accumulation. Analysts project Dogecoin could surpass its 2021 high of $0.7316, potentially reaching the $1 threshold or higher. At $0.237 and up 9.5% in 24 hours, Dogecoin’s technical setup points to a bullish trend that may underpin both short-term momentum and longer-term price appreciation.
Bullish
This news indicates Dogecoin has transitioned from a prolonged accumulation range into a confirmed expansion phase, backed by rising trading volume, mid-range RSI, increasing hash rate, and strong CVDD patterns. Historically, similar sideways bases preceded major vertical rallies in 2018 and 2021. Institutional accumulation suggests more stable capital inflows than past retail-driven spikes. Short-term, this setup could trigger a breakout above resistance levels, fueling momentum for price targets above $1. In the long term, sustained network strength and genuine demand may support a new upward trend and higher price floors. Therefore, the overall impact is bullish for Dogecoin’s market outlook.