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Over the past few days, the cryptocurrency market has experienced increased volatility. Prices of various assets first saw significant increases, followed by declines. Among them, Dogecoin (DOGE) - the original meme cryptocurrency - fully capitalized on this momentum. Over the past week, the meme coin's price increased by 15.67%. Earlier this month, the asset's trading price had dropped to a low of $0.1315. Although it is trying to break through the $0.20 mark, multiple resistance levels are forming strong barriers. The real question is whether Dogecoin can break through these resistance levels and reach $0.50 next month.
Dogecoin becomes active again
Within the past 24 hours, the world's largest meme coin rose by 3.3%. Earlier today, the asset's price dropped to $0.1800 before surging to a daily high of $0.1930. At the time of writing, Dogecoin's trading price, after a slight pullback, was $0.186.
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Despite the price slowdown, Dogecoin remains in the lead. This meme coin is very popular on social media. Dogecoin leads in social activity, surpassing other assets like PEPE and TRUMP.
May 2025 Price Prediction
March and April were challenging months for Dogecoin and other markets. Most assets experienced losses rather than gains. However, the new month brings hope to the meme coin market. According to CoinCodex, Dogecoin's trading price is expected to reach a high of $0.2258 in May, an increase of 24% from the current price level. Dogecoin's average trading price is $0.1964.
