In recent days, the cryptocurrency market has seen increased volatility. Multiple assets experienced significant price increases followed by declines. Among them, Dogecoin (DOGE) - the original meme cryptocurrency - has fully capitalized on this wave of volatility. Over the past week, the price of this meme coin has risen by 15.67%. Earlier this month, the asset's trading price had dropped to a low of $0.1315. Although it is trying to break through the $0.20 mark, multiple resistance levels are still forming strong resistance. The real question is whether Dogecoin can break through these resistances and reach $0.50 next month.
Dogecoin is becoming active again
Source: Guardian Master
In the past 24 hours, the world's largest meme coin has risen by 3.67%. Earlier today, the asset's price fell to $0.1739, then soared to a daily high of $0.1846. As of the writing of this article, Dogecoin is trading at $0.1850 after a slight pullback.
Despite a slowdown in price, Dogecoin remains in a leading position. This meme coin is very popular on social media. Dogecoin leads in social activity, surpassing other assets like PEPE and TRUMP.
May 2025 Price Prediction
March and April were challenging months for Dogecoin and other markets. Most assets experienced losses rather than gains. However, the new month brings hope for the meme coin market. According to CoinCodex, Dogecoin's trading price is expected to reach a high of $0.2258 in May, a 24% increase from the current price level. The average trading price of Dogecoin is $0.1964.
Source: CoinCodex
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