Dogecoin’s Next Mega Rally? What History Says About the Meme Coin’s Cycle

Buckle up, degens—Dogecoin's price action might be scripting a familiar plot twist. If past cycles repeat, the meme coin could be gearing up for another parabolic sprint.

Patterns Don't Lie (Until They Do)

DOGE's historical boom-bust rhythm—echoed in its 2017 and 2021 surges—suggests an eerie predictability. Each bull run saw triple-digit percentage gains before gravity kicked in. Traders now eye the charts like tarot cards, hunting for that sweet spot where hype meets Fibonacci levels.

The Whale Factor

Behind the joke-coin veneer lurk serious players. When Bitcoin dominance wobbles, altcoin whales often park liquidity in DOGE as a high-beta proxy. Retail FOMO typically follows—because nothing screams 'financial strategy' like chasing the dog-themed asset Elon Musk last tweeted about.

Regulatory Wildcard

SEC scrutiny over meme coins remains the X-factor. A single enforcement action could turn this rocket fuel into a lead balloon. But hey—since when has risk aversion stopped crypto gamblers?

Bottom line: Dogecoin cycles rhyme more often than they rupture. Whether that's market mechanics or mass psychology at work depends on who's holding the bag when the music stops.

Potential 120X Dogecoin Rally Above $20+

An analysis shared on X by crypto analyst Javon Marks takes a look at Dogecoin’s cyclical nature and price playout in previous cycles to predict its future movement for the current cycle. By mapping Dogecoin’s 12-day candlestick chart, the analyst identified three distinct phases of accumulation followed by massive growth: the 2017 rally, the massive 2021 bull run, and what appears to be the early-to-mid stages of the current cycle. 

Each of the previous cycles began with months of sideways or slightly upward movement before finally going into parabolic gains. This pattern, which first took place in 2017, not only repeated in 2021 but ended up with larger returns and started from a higher base.

As shown in the chart below, dogecoin surged by about 90X from its accumulation range in 2017. That was followed in 2021 by a bigger 306X rally that pushed DOGE into the mainstream and ended up with its current all-time high around $0.73. 

Now in 2025, despite some mid-cycle volatility, Dogecoin’s price chart is once again forming a familiar pattern of an ascending consolidation phase with higher lows. This upward-sloping foundation is significant because it shows that Dogecoin is setting the stage for another large macro movement.

If the trend continues, the analyst predicted that Dogecoin could go on a rally of over 120 times its current value. In this case, the analyst projected a price target above $20 for Dogecoin’s next significant peak.  

This Cycle Could Be The Most Explosive Yet

The 2017 bull run delivered a 90X surge, followed by a much larger 306X explosion in 2021. If the same exponential growth pattern holds true, the current cycle could dwarf the price gains seen in both previous rallies. 

Cycle-based projections have been the rave for Dogecoin and other large market cap cryptocurrencies. These predictions have resonated with technical analysts, especially with meme coin traders, because of how closely Bitcoin and ethereum have adhered to four-year halving cycles. 

If DOGE’s performance truly follows its past, the rally to $20 will undoubtedly align with a wider altcoin euphoria that’s typically seen at the height of bull markets. Based on the current circulating supply of Dogecoin, a surge to $20 WOULD see its market cap rising above $2 trillion. At the time of writing, DOGE is trading at $0.162, inching up by a small 0.8% in the past 24 hours.