Although the last 24 hours have been characterized by a decline for Dogecoin, the Meme coin has delivered a strong performance In the past week. Memecoin gathered from a May low of $ 0.16428 to a height of $ 0.259 on May 23, and twisted a key resistance level around $ 0.22 that previously finished growth since the end of April.
This breakout comes when wider marketing terms change Hausse, with several Major Altcoins also records profits.
Interestingly, technical analysis shows that Dogecoin still has a lot of room to run this year in terms of price measures, with bicycle analysis points to $ 3 before the end of 2025.
Monthly MA50 Rebound Mirrors 2017 and 2021 Cycles
A Technical analysis published Of the investing scope on the TradingView platform, Dogecoin has just recovered from 1M MA50, a long-term sliding average that played an important role in launching its previously explosive rally.
The analysis looks at Dogecoin’s price measure since its launch in December 2013 and highlighted three cycles, with the first two cycles that led to new price heights.
As shown by Dogecoin Monthly Candlestick diagram, Dogecoin bounced from 1m sliding average 50 in September 2017 and again in February 2021. Noteworthy both returns highlighted the final review zones before the MEME coin grew more than 2,400% to new holidays.
Same installation have now returned in 2025With the monthly MA50 that acts as support again about $ 0.13. The similarity of the price structure has opened the possibility that the meme coin repeats the same haus bike as previously transported it from under $ 0.002 to $ 0.73. If this shipping pattern plays out again, this would lead to a parabolic increase over $ 3 before the end of the year.
$ 3 targets based on average cycling of 2,600%
Each of the previous bicycle meetings followed an accumulation phase with consolidation close to 1m MA50, followed by a sudden explosion in price. The first rally 2017 Dogecoin pushed $ 0.0007 to $ 0.01827 for two months, which is a 2,824% return from bottom to top.
Similarly, the rejection from 1m MA50 2021 led to a 2,403% drive from bottom to top and reached $ 0.73. Applying a similar percentage profit of the last low about $ 0.13 would place the next bike peak close to the $ 3.00 brand.
Analysts also quoted Strong techniques within the daily time frame to support this view. The RSI reading of 64,264, combined with a positively moving average convergence distribution (MACD) of 0.014 and an average directional index (ADX) above 32, indicates growing hais effect for dogecoin.
Dogecoin is currently priced at $ 0.2279 after losing 6.9% over the past 24 hours. This backback has given the price Close to a possible re -examination of the previous resistance to $ 0.22.
Image from Unsplash, charts from TradingView
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