Dogecoin has rallied impressively by 17.7% this week, pushing its market capitalization to $27.8 billion and overtaking Cardano as a leading altcoin. Despite a slight 1.4% pullback recently, Dogecoin remains supported by bullish technical indicators and a strong trendline. Analysts predict that DOGE could aim for $1 by May 2025, fueled by positive market sentiment, growing retail interest, and a strong crypto rally. However, a crucial resistance level at $0.24 must be broken for more substantial gains to materialize.
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Dogecoin Surges 17.7% This Week, Surpassing Cardano with $27.8B Market Cap — Can DOGE Reach $1 by 2025?
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