Dogecoin Price Predicted to Enter Expansion Phase After Accumulation

Crypto analyst Cas Abbé indicates that Dogecoin is entering a new expansion phase after a period of accumulation. Key observations include:

Dogecoin has traded within a wide accumulation range around the $0.20 level since August.
This accumulation often precedes sharp upward price movements due to increased demand.
Current breakout attempts are supported by rising trading volume, indicating institutional accumulation rather than retail hype.
Technical indicators, such as the Relative Strength Index (RSI), suggest considerable room for growth before reaching overbought conditions.
The mining hash rate has been increasing since early 2025, demonstrating consistent network strength despite price consolidations.

Historical Patterns Support Expansion

Dogecoin’s past price cycles show long periods of sideways movement followed by rapid expansions.
Current market conditions indicate genuine accumulation rather than profit-taking.
Analysts predict potential price targets above the previous peak of $0.7316, with some suggesting up to $1.25.

Currently, Dogecoin trades at $0.237, reflecting a 9.5% increase in the last 24 hours.