After several days of decreasing the trajectory, Dogecoin (DOGE) gradually shows the positive backward reversal of its price trends while on the daily favor to slip on large altcoins such as Ethereum and XRP data Provides CoinmarketCap.
On May 1, 2025, Doge has traded about $ 0.1810, which has a significant increase of 5.89%over the last 24 hours. As the leading Memecoin traded mostly laterally in the last seven days, it did not reflect the upside down momentum of its trading volume, which reflects a significant decline in 11.01% in the last day.
If this bullish momentum has reached the entire wide cryptocurrency market, with leading cryptocurrency recovering to a higher level of resistance, Dogecoin has been the highest rise in market capitalization among the top ten cryptocurrencies.
Nowadays, after the dog-themed Memecoin stunned sharp rise, the Doge Altcoin market is a strong candidate, overtaking Ethereum and XRP on the last day in everyday profits.
Bullish prospect for the doge
Once Doge started in May, it is still not certain that the leading memory assets will be able to maintain this trend during the rest of the month, preparing for another outbreak exceeding the long -awaited $ 0.2 limit.
One of the main events that expected the Doge bullish sentiment in May is the 21shares Dogecoin ETF.
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Although rumors of Dogecoin ETF approval have already placed a sign for greater attention, the official approval of the Dog-based investment product should be highlighted among retail and institutional investors, causing DOGE demand to increase increased and extensive market value.
The Doge price movement has shown signs of a possible breakthrough as it is preparing to receive a meme in the wider cryptocurrency market. Its recent trajectory shows that it forms lower heights of movement that seem to support its journey to stabilize more than $ 0.19.
Earlier this week, Doge has seen a significant increase in its trading volume, which incited Memecoin's rebound. If history was repeated, the high thrust of Doge's trading volume could promote the price of the coin even further and help maintain its current momentum until it forms a higher resistance of more than $ 0.2.
