HomeDogecoinDogecoin (DOGE) – Real Price & Technical Market Analysis – May 24,...

Dogecoin (DOGE) – Real Price & Technical Market Analysis – May 24, 2025

- Advertisement -
  • DOGE trades at $0.2283 (+1.34% daily). Golden cross, ascending channel target $0.28–$0.31; resistance at $0.24–$0.25.
  • $3.34B daily volume reflects whale activity, futures interest; analysts project $0.30–$0.35 on social finance momentum.

Dogecoin (DOGE) is currently trading at $0.2283, showing a +1.34% daily gain, and maintaining strong momentum with a +27.81% increase over the past month.

DOGEUSDT_2025-05-23_23-26-26
Source: DOGE/Tradingview

On the yearly scale, DOGE is up +43.09%, although it still sits -27.57% year-to-date and -46.96% below its 6-month peak, highlighting its cyclical nature and sensitivity to speculative inflows.

Technically, Dogecoin has confirmed a breakout from a bearish trendline and is now moving within an ascending channel, with ETHNews analysts eyeing a target range of $0.28–$0.31.

DOGEUSDT_2025-05-23_23-24-55
Source: DOGE/Tradingview

This bullish formation is strengthened by a golden cross — where the 23-day moving average surpassed the 50-day moving average — a signal that often precedes broader price rallies. The key resistance lies between $0.24–$0.25, with short-term support near $0.223.

DOGE-Volumen
Source: Coinglass

From a sentiment and volume perspective, Dogecoin has posted $3.34 billion in 24-hour trading volume, reflecting intense market engagement. Analysts at ETHNews highlight a surge in active wallet addresses and whale transactions, alongside a spike in futures interest, all pointing to a wave of fresh capital entering the DOGE market.

News outlets are buzzing with bullish outlooks, with ETHNews analysts forecasting a mid-term surge toward $0.30–$0.35, fueled by DOGE’s role in social finance, community-driven speculation, and increased usage in tipping and micropayments. Despite being born as a meme coin, Dogecoin remains one of the most actively traded assets globally.

If DOGE breaks and sustains above $0.25 with high volume, it is projected to reach $0.288–$0.31 within 6–9 days, driven by trend reversal patterns, rising user activity, and bullish sentiment momentum.

Disclaimer: ETHNews does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. ETHNews is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.
Isai Alexei
Isai Alexei
As a content creator, Isai Alexei holds a degree in Marketing, providing a solid foundation for the exploration of technology and finance. Isai's journey into the crypto space began during academic years, where the transformative potential of blockchain technology was initially grasped. Intrigued, Isai delved deeper, ultimately making the inaugural cryptocurrency investment in Bitcoin. Witnessing the evolution of the crypto landscape has been both exciting and educational. Ethereum, with its smart contract capabilities, stands out as Isai's favorite, reflecting a genuine enthusiasm for cutting-edge web3 technologies. Business Email: [email protected] Phone: +49 160 92211628
RELATED ARTICLES

LATEST ARTICLES