Dogecoin price has nearly doubled in a 30-day timeframe as it continues to climb after several weeks of consolidation.

The crypto market has seen a wider inflow, and many bullish indicators have now appeared on Dogecoin’s price chart.

Dogecoin (CRYPTO: DOGE) price has nearly doubled in a 30-day timeframe as it continues to climb after several weeks of consolidation.

After mostly trading between $0.15 and $0.20 throughout April, one analyst says a move to the $1 mark by early June is possible and likely, and he broke down how this scenario unfolds by looking at previous Dogecoin price action.

What Happened: Crypto analyst Master Kenobi shared on X, formerly Twitter, a bold prediction by drawing a parallel between Dogecoin’s current price structure in 2025 and its price performance during the 2017 cycle.

The analysis focused on noting 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.

A side-by-side chart comparison vividly illustrates this point. On the chart’s right side, 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 chart’s left side, 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 Depends On Altcoin Rally:Master Kenobi’s prediction suggests that 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 spearhead this rally. At the time of writing, Dogecoin is trading at $0.244, showing another 6% rise in the past 24 hours.