Dogecoin (DOGE) remains one of the most popular cryptocurrencies despite its meme nature. In May 2025, the price of DOGE fluctuated between $0.21 and $0.26, but then corrected to $0.18–$0.20
Factors influencing the price
1. Technical analysis:
- DOGE is forming a "bull flag", which may indicate a continuation of growth
- Key resistance levels: $0.222 and $0.2307.
- If DOGE surpasses the $0.23 mark, a rise to $0.35 is possible
2. Fundamental factors:
- Elon Musk's support: rumors of possible integration of DOGE into the "X Money" payment system.
- Activity of large investors: in April and May 2025, "whales" acquired over 1 billion DOGE, indicating long-term confidence in the asset
3. Risks:
- If DOGE fails to break the $0.23** level, a pullback to $0.19 is possible
- Analysts warn that if June does not bring growth, DOGE may enter a six-month bearish trend
Forecast for June 2025
- Optimistic scenario: DOGE breaks $0.23, consolidates above $0.25, and reaches $0.35
- Neutral scenario: consolidation in the range of $0.186–$0.210
- Pessimistic scenario: drop below **$0.19**, which could lead to a long-term decline
Overall, Dogecoin remains a promising asset, but its future depends on technical factors and market sentiment.
What do you think, is it worth investing in DOGE? 🚀
