As of May 7, 2025, #Dogecoin #(DOGE) is trading at approximately $0.1712, reflecting a 1.98% increase in the past 24 hours. Technical analysts have identified bullish patterns, such as an inverse head and shoulders and a falling wedge, suggesting potential for significant upward movement. A notable 72% of Binance traders are currently long on DOGE, indicating strong market confidence. With growing institutional interest and increasing adoption, forecasts suggest DOGE could reach $0.40 in the near term and potentially hit $1 by year-end. Dogecoin continues to demonstrate resilience and remains a prominent player in the crypto market.

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