$DOGE Dogecoin is trading at approximately $0.1834, reflecting a 5.53% increase over the past 24 hours. The day’s trading range has seen lows of $0.1696 and highs of $0.1834.

Analysts are optimistic about Dogecoin’s short-term performance. Some predict that DOGE could surge past $0.20 this week . Others foresee a rebound of over 66%, potentially reaching up to $0.30, after testing a long-term support trendline .

Technical analysis indicates a bullish trend for Dogecoin. The formation of an inverse head and shoulders pattern suggests a potential upward trajectory, with price targets ranging from $0.185 to $0.292 .

In summary, Dogecoin is exhibiting strong bullish signals as of May 8, 2025, with analysts predicting potential price increases in the near term. However, as with all cryptocurrencies, investors should remain cautious and conduct thorough research before making investment decisions.$DOGE #Dogecoin‬⁩