Dogecoin (CRYPTO: DOGE) might be gearing up for another major price rally, according to an analysis by Dogecapital. The analyst’s long-term chart indicates that DOGE follows a predictable four-year cycle, marked by massive price spikes.

After noting that Dogecoin clocked a 37x return in 2017 and 2021, Dogecapital highlighted similar trends that could see the price surging to $11.71 by late 2025.

The analysis indicates specific accumulation zones — highlighted by green and red curved lines on the chart — where past breakouts began. After exiting this phase, a rapid upward move follows.

Dogecoin Explodes From $0.00023 to $0.00851 in 2017

In previous cycles, Dogecoin skyrocketed from $0.00023 to $0.00851 in 2017 and from $0.00460 to $0.17064 in 2021.

If the pattern holds, a similar jump could be on the horizon as DOGE transitions out of the accumulation phase and prepares for a potential breakout.

Will April Spark Dogecoin Breakout?

Timing has also been remarkably consistent in past breakouts. Key turning points happened on April 1, 2017, and January 1, 2021 — both in the fourth year of their respective cycles.

If this pattern continues, April 2025 could be the next launch point for a massive rally. However, while history provides clues, the exact timing remains uncertain.

“I expect this upward movement to potentially begin as early as next month,” the analyst stated. “However, this doesn’t necessarily guarantee that the strong move upward will begin at the beginning of the month — the probability of a strong move upward should gradually increase over time.”

Notably, each past cycle saw DOGE closing the year at 37 times its opening price. If that trend continues, Dogecoin could end 2025 around $11.71, though that may not be its peak. Dogecapital believes institutional interest, global adoption, and technological advancements could push the price even higher this time.

Chart: Dogecapital

Optimism Builds As Whales Actively Accumulate Dogecoin

Elsewhere, large investors, or "whales," are massively accumulating Dogecoin in anticipation of a rally, according to an analysis by X analyst Ali Martinez.

Highlighting data from Glassnode, Martinez noted that wallets holding between 1 million and 10 million DOGE have collectively acquired over 200 million tokens in the past two weeks. This accumulation occurred as the cryptocurrency faced selling pressure, dropping from around $0.22 to lows of $0.15.

Despite recent volatility and selling, these large holders now control 10.5 billion DOGE. This signals strong confidence in the asset class despite broader market trends.

"Mid-tier whale optimism is building as they continue to accumulate more Dogecoin," the analyst stated.

Pointing to the implications of this activity, he noted that this buying pressure may be fueling renewed momentum, potentially pushing Dogecoin higher.

At the time of writing, Dogecoin is trading at $0.1710, down 3.11% over the past 24 hours, with trading volume dropping over 16% to $1.08 billion.

As accumulation continues and historical patterns point to another rally, all eyes are on April 2025 to see whether Dogecoin will once again defy expectations.