Although the last 24 hours are marked by a decline in Dotecoin, the Meme coin has delivered a strong performance Last week. On May 23, the Memecoin collected from a May of 0.16428 to a high of 0.259 US dollars, which has thrown a level of key resistance by $ 0.22, which has limited its growth since the end of April.
This breakout is a broader feeling for the market with several Bullish Bullisch Major old coins also register profits.
Interestingly, the technical analysis shows that Dogecoin still has a lot of space for the price campaign with the cycle analysis this year point out to $ 3 before the end of 2025.
Monthly MA50 Rebound Mirrors 2017 and 2021 cycles
A Technical analysis published Through investing copes on the TradingView platform, Dogecoin, which has just recovered from the 1M MA50, showed a long-term moving average that played an important role in the start of his former explosive rallies.
The analysis deals with Dogecoin’s price campaign since its introduction in December 2013 and was highlighted three cycles, with the first two cycles led to new price heights.
As shown from Dodecoin’s monthly candlestick charts, Doonecoin jumped off the sliding average of 1 m in September 2017 and again in February 2021. In particular, the rebound marked the final repeat zones before the meme coin rose more than 2,400% to new all-time highs.
The same setup has returned in 2025With the monthly MA50, which again acts as support. The similarity of the price structure has opened up the possibility that the Meme coin repeats the same bullish cycle as Before that carried it from below 0.002 to $ 0.73. If this fractal pattern has an impact again, this would lead to a parabolic increase of over 3 US dollars before the end of the year.
$ 3 target based on the average rally of 2,600%
Each of the previous cycle scouts followed a battery phase with consolidation near the 1M MA50, followed by a sudden price explosion. The first rally in 2017 drove the Dotecoin price from USD 0.01827 over the two months’ space, which corresponds to a return of 2,824% from below.
Similarly, the jump of 1m MA50 in 2021 led to a run of 2,403% from bottom to top and reached a highlight of $ 0.73. The application of a similar percentage profit to the latest low of around 0.13 US dollars would place the next cycle near the 3.00 mark.
The analyst also quoted Strong technical data for the daily time frame To support this outlook. The RSI measurement of 64,264, combined with a positive convergence divergence (MACD) of 0.014 and an average direction index (ADX) over 32, points to a growing bullish strength for Dogecoin.
Dogecoin currently costs a price of $ 0.2279 after you have made 6.9% in the last 24 hours. This withdrawal has brought the price Near a possible repetition test of earlier resistance at $ 0.22.
Selected picture of Unsplash, Diagram from Tradingview
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