Recently, the cryptocurrency market has experienced extreme volatility, with various asset prices seeing significant ups and downs. Among them, the meme coin Dogecoin (DOGE) has surged, with a 15.67% increase over the past week. At the beginning of the month, Dogecoin hit a low of $0.1315, but then rebounded strongly. However, Dogecoin faced heavy resistance when attempting to break through the $0.20 mark. Whether it can overcome these obstacles and rise to $0.50 next month has become the focus of market attention.
Dogecoin has come back to life.
In the past 24 hours, the price of the globally known meme coin has risen by 3.67%. This morning, the asset's price dipped to $0.1739, then rebounded strongly to a daily high of $0.1846. As of the time of writing, Dogecoin is slightly retracing, trading around $0.1810.
Despite the easing price momentum, Dogecoin remains in a leading position, with its popularity on social media continuing to rise, surpassing other assets like PEPE and TRUMP, making it a standout in the meme coin category.
Price prediction for May 2025
March and April are challenging months for Dogecoin and other markets. Most assets have experienced losses rather than gains.
However, the new month brings hope for the meme coin market. According to CoinCodex, Dogecoin's trading price in May is expected to reach a high of $0.2258, representing a 24% increase from the current price level. The average trading price of Dogecoin is $0.1964.
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