DOGE Explodes by 35% in 2 days But Is That Just the Start?

TL;DR

• Meme coin season appears to be returning as quite a few representatives of that area of interest have recorded huge positive aspects, together with their chief.
• DOGE’s worth has soared by double-digit on a day by day, weekly, and month-to-month scale, however analysts appear to be aligned in considering that that is simply the beginning.

Recall that DOGE’s worth had tumbled to a multi-month low of $0.13 simply a number of weeks again, through the darkest hours of the Commerce Struggle between the US and basically the remainder of the world. As the worldwide macro situations improved, although, so did the crypto market, and Dogecoin has been among the many frontrunners of positive aspects.

Quick ahead to Might 8, the OG meme coin’s worth stood at round $0.17. In only a brief 48-hour interval, its worth skyrocketed by 35% to its highest ranges since early March of $0.23.

Well-liked crypto analysts rapidly picked up the transfer and outlined much more bullish worth targets for the most important meme coin. Ali Martinez was among the many extra modest ones, envisioning a worth surge to $0.27 as DOGE has rebounded “strongly from its ascending help trendline.”

#Dogecoin $DOGE is rebounding strongly from its ascending help trendline, eyeing a possible transfer towards $0.27. pic.twitter.com/E3BVdOfo2s

— Ali (@ali_charts) May 10, 2025

Satoshi Flipper was much more bullish, indicating that DOGE’s worth towards the greenback is “ripping” and their chart predicts a worth surge towards $0.4.

Cephii instructed their virtually 80,000 followers on X that Dogecoin could have a brand new flooring worth due to the ETFs that they consider have a “excessive probability of being accepted.” They suggested individuals to carry and proceed shopping for if the worth slips to $0.19 as soon as once more.

$doge could have a brand new worth flooring due to the ETF’s which have a excessive probability of being accepted. ETF’s will end in extra $doge being held indefinitely too even when they’re solely minimally standard. As a retailer of worth, $doge market cap could be very smart given how effectively know… pic.twitter.com/EBh7Geesql

— Cephii (@Cephii1) May 10, 2025