After several weeks of consolidation, Dogecoin has again started to climb, with its price almost doubling in a 30-day timeframe. This sudden rally comes behind a wider inflow into the crypto market, with many bullish indicators now surfacing on Dogecoin’s price chart.
For a coin that has mostly hovered between $0.15 and $0.20 in April, the idea of hitting the $1 mark by early June sounds very extreme. Yet one analyst believes this scenario is possible and likely and has backed it up with previous Dogecoin price action.
Master Kenobi Compares 2025 to 2017 Cycle With Accelerated Timeline
In a post shared on the social media platform X, crypto analyst Master Kenobi outlined his bold prediction by drawing a parallel between Dogecoin’s current price structure in 2025 and its price performance during the 2017 cycle. His analysis focuses on Dogecoin’s second major leg-up in 2017, which began after a 70-day consolidation period followed by a massive 850% rally over 45 days.
According to the chart shared, the current price structure is following the same pattern but at twice the speed. The initial 70-day phase is now compressed into 35 days, and the expected bullish breakout phase will last just 22 days.
The side-by-side chart comparison featured in the analysis illustrates this comparison vividly. On the right side of the chart, the 2017 pattern shows a 220% gain in 70 days, followed by the massive 850% breakout that peaked at a new all-time high at the time.
The current price action strongly resembles this movement at a faster pace. On the left side of the chart, 2025’s structure shows a clean breakout from the lower channel, leading to a 90% increase in just 35 days. From this interpretation, the analyst projects a 350% rally that follows the same path as the 2017 rally. In terms of a price target, this rally is expected to take Dogecoin from its current levels toward a $1.05 price point by early June.
Analyst’s $1.05 Projection Ahead Of June Window Depends On Altcoin Rally
Based on Master Kenobi’s prediction, Dogecoin investors can expect to see the meme coin trading at new all-time high levels within the next 22 days. To reach $1.05 during this span, Dogecoin will need to maintain and intensify its current bullish momentum, even more than the momentum witnessed in the 2017 and 2021 bull runs.
Kenobi’s projection is bullish but not unrealistic, considering previous parabolic moves. However, even if Dogecoin can continue building strength above the $0.22 to $0.24 zone and trigger a wave of FOMO among retail traders, there is still much work to be done to reach the $1 mark.
Interestingly, this prediction does not stand in isolation from Dogecoin. According to the analyst, many altcoins are poised for an upward move toward late May and early June. Dogecoin, being one of the most popular altcoins, may lead this rally.
At the time of writing, Dogecoin is trading at $0.244, up by another 6% in the past 24 hours.
Featured image from Getty Images, chart from Tradingview.com
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