Although Dogecoin has experienced a drop in the last 24 hours, the meme coin has performed well over the last week. The memecoin rebounded from a May low of $0.16428 to a high of $0.259 on May 23, breaking above a critical resistance mark at $0.22 that had previously limited its rise since late April.
This breakout occurs as the overall market attitude turns optimistic, with numerous major altcoins also rising.
Unexpectedly, technical research indicates that Dogecoin still has plenty of ability to grow in terms of price action this year, with cycle analysis indicating to $3 by the end of 2025.
Monthly MA50 Recovery Matches 2017 and 2021 Cycles
According to a technical analysis given by InvestingScope on the TradingView platform, Dogecoin has recently rebounded from the 1M MA50, a long-term moving average that played a key part in launching previous strong rallies.
The analysis examines Dogecoin’s price behavior since its inception in December 2013 and identifies three cycles, with the first two resulting in new price highs.
The Dogecoin monthly candlestick chart reveals that it bounced off the 1M Moving Average 50 in September 2017 and again in February 2021. Notably, both rebounds were the penultimate retest zones before the trending coin skyrocketed by more than 2,400% to new record highs.
This similar configuration has reappeared in 2025, with the monthly MA50 serving as support once more around $0.13. The closeness in price structure has raised the probability that the meme coin is repeating the bullish cycle that propelled it from below $0.002 to $0.73. If this fractal pattern repeats, it would result in a parabolic surge above $3 before the end of the year.
$3 target is based on an average cycle rally of 2,600%
Each preceding cycle rally began with an accumulation phase, followed by consolidation near the 1M MA50, and then a rapid price explosion. The initial rally in 2017 increased the Dogecoin price from $0.0007 to $0.01827 in two months, representing a 2,824% return from low to top.
Similarly, the rebound from the 1M MA50 in 2021 resulted in a 2,403% run from bottom to high, peaking at $0.73. Applying a comparable percentage gain to the most recent low of $0.13 would put the next cycle top near $3.00.
The expert also cited solid technicals on a daily basis to back up this prediction. The RSI reading of 64.264, together with an upward Moving Average Convergence Divergence (MACD) of 0.014 and an Average Orientation Index (ADX) of 32 or above, shows that Dogecoin is becoming more bullish.
Dogecoin is currently trading at $0.2279, down 6.9% over the last 24 hours. This decline has taken the price dangerously near to retesting the previous resistance level of $0.22.
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