As April is coming to an end, the cryptocurrency market as a whole is facing severe challenges, with most assets showing a downward trend. However, Dogecoin (DOGE) rebounded strongly after dipping to a low of $0.1315, becoming one of the few cryptocurrencies to end with a price increase. As May approaches, market sentiment may undergo a turnaround, and the key question is: Can DOGE maintain its current upward momentum and kick off a new monthly trend? Dogecoin target price is $0.20.
In the past 24 hours, Dogecoin (DOGE) has risen slightly by 0.71%, with the price increasing from $0.1798 to $0.1808. Over the past week, DOGE has performed even stronger, climbing from a low of $0.1568 to a high of $0.1924, with a total increase of 11.48%. As of the latest data, DOGE is currently priced at $0.1779, with a 24-hour trading volume of approximately $977 million, indicating active market trading.
In the past few years, Dogecoin's market performance has been relatively stable, and its trading price is still 75% lower than the historical high of $0.7376. Nevertheless, Dogecoin has successfully attracted a large number of long-term holders. According to CoinMarketCap data, the current ratio of Dogecoin holders is 65.96%, while traders account for 3.72%. Additionally, investors holding for 1 to 12 months account for 30.32%.
Price prediction for May 1
Dogecoin is expected to maintain its current trend, with prices likely not experiencing significant fluctuations before May 1, 2025. According to CoinCodex data, the trading price of Dogecoin is expected to be $0.1826 on May 1, reflecting a slight increase of 1.18% from the current price. However, it is worth noting that this is just the beginning of the month, and the trend of Dogecoin may still reverse.
