<ul data-eligibleForWebStory="true">Dogecoin is showing signs of stabilization above the $0.16 level after a recent pullback.Analysis based on previous cycles suggests Dogecoin could reach valuations above $20 if trends repeat.Historically, Dogecoin has gone through phases of accumulation and explosive growth, with potential for a 120X rally in the current cycle.The current cycle of Dogecoin could potentially exceed previous gains, with projections pointing towards a significant peak above $20.