- Dogecoin is gaining momentum again, rising over 15% in the past week as it eyes the $0.20 mark.
- Analysts predict it could reach $0.2258 in May, fueled by renewed social media hype and whale accumulation.
The crypto markets are buzzing once again, and Dogecoin (DOGE) is leading the meme coin charge. After weeks of sluggish performance, DOGE is showing signs of renewed strength — but can it finally crack the $0.20 resistance in May?
Volatility has returned to the crypto market in full force. While several assets have struggled to maintain gains, Dogecoin has taken advantage of the market swings. Over the past week, meme coins collectively surged by 15.67%, with DOGE climbing from a monthly low of $0.1315 to a high of $0.1846. Although a slight correction pulled the price back to $0.1810, Dogecoin’s momentum remains intact.
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The rally was sparked by a wave of social media buzz and renewed interest from retail traders. At one point, even outperformed politically charged meme coins like TRUMP and PEPE in online mentions. But beyond the memes and hype, serious accumulation by crypto whales has also added fuel to the fire.
Still, challenges remain. DOGE faces stiff resistance just under the $0.20 mark — a psychological and technical barrier that has proven tough to break. However, optimism is growing. According to CoinCodex, Dogecoin is expected to rise to $0.2258 by the end of May, representing a potential 24% gain from its current price.
Much of Dogecoin’s short-term success hinges on broader market sentiment and investor enthusiasm for meme coins. After a rough March and April, May could bring the turnaround many DOGE holders have been hoping for.
Whether it’s driven by memes, whales, or market timing, Dogecoin is making noise again — and this time, it might just have the momentum to ride past $0.20.
