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 features, together with their chief.
• DOGE’s value has soared by double-digit on a day by day, weekly, and month-to-month scale, however analysts appear to be aligned in pondering that that is simply the beginning.

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

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

Common crypto analysts shortly picked up the transfer and outlined much more bullish value targets for the biggest meme coin. Ali Martinez was among the many extra modest ones, envisioning a value surge to $0.27 as DOGE has rebounded “strongly from its ascending assist trendline.”

#Dogecoin $DOGE is rebounding strongly from its ascending assist 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 value towards the greenback is “ripping” and their chart predicts a value surge towards $0.4.

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

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

— Cephii (@Cephii1) May 10, 2025