Over the past few days, the cryptocurrency market has become increasingly unstable. Several assets recorded a notable increase, followed by losses. Among these, Dogecoin (Doge), the OG Meme Cryptocurrency, was seen making the most of this volatile energy. Over the past week, Meme Coin has risen 15.67%. Earlier this month, assets were trading at a low of $0.1315. Several levels of resistance are setting up a strong hold while trying to move towards the $0.20 mark. The real question is whether Doge will be able to pass these hurdles and reach $0.50 next month.
Dogecoin returns to action
Over the past 24 hours, the world’s largest memecoin saw a 3.67% rise. The asset price jumped to $0.1846 every day, at a low price of $0.1739 earlier today. At the time of writing, Dogecoin was trading at $0.1810 following a minor revision.
Despite slowing down in terms of price, Dogecoin was able to stay at the top of the game. Memecoin is popular on social media. The asset was seen as a leader in terms of social activity, beating other assets like Pepe and Trump.
May 2025 Price forecast
March and April have been a challenging month for Dogecoin and other markets. Most assets registered losses in contrast to profits. But the new month brings hope to the meme coin market. According to Concodex, Doge is scheduled to trade at a high of $0.2258 in May. This is up 24% from the current price level. The average trading price for Doge is set at $0.1964.
