Dogecoin’s 95% Surge: Is a Price Rally Just Around the Corner?

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Dogecoin‘s 95% Surge: Is a Price Rally Just Around the Corner?

Imagine a dog chasing its tail—considerably less amusing when it’s your favorite meme coin doing the same. Dogecoin (DOGE) has been strutting about like a confused puppy—down 2.02% over the past day, now snuggling at a modest $0.2177, according to CoinMarketCap. The market’s feeling as stable as a Jenga tower on a trampoline, with hopes of a bullish comeback flickering like a candle in a gust. Will the bulls rally or will DOGE keep playing it cool? Stay tuned, or don’t—what do I know?

Dogecoin volume in breakout mode

Hold onto your hats—things just got strange. DOGE has experienced a jaw-dropping 95% jump in daily transaction volume, now crossing over $2.84 billion. Yes, billion—enough zeroes to make your head spin. This has propelled it past many of its rivals in the top ten, showing that, apparently, people are still willing to throw their money at a meme coin. The surge hints at some sort of adoption overdose, like trying to eat too many marshmallows at once—sweet but potentially explosive.

Over the past month, traders have been playing the volume game like a circus act—trying to judge DOGE’s health based on the latest volume numbers. If this volume frenzy sticks around, we might see the price bounce back like a rubber ball dropped from a skyscraper. But don’t hold your breath—markets are as predictable as a cat on catnip, especially when futures are involved, and open interest dances to its own random tune.

With demand shifting like a weather vane, many are crossing their fingers that the bullish bunch will find common ground soon. Or maybe just agree on something, for once.

What’s next for DOGE’s price?

In the past week, DOGE managed to shed 12.55% of its value—probably because it’s tired of being the class clown. Yet, over the last month, it’s sneaked back up 37.12%, reminding us that patience is a virtue—even in crypto land. Recently, DOGE has edged up against Bitcoin in the last hour, hinting at a possible rebound. Or maybe just a brief flirtation before deciding to go shopping for new socks.

Dogecoin price chart

The fundamentals are arguably as firm as a house of cards, but traders are keeping an eye on potential breakthroughs—like the idea of DOGE ETFs. While the U.S. SEC twiddles its thumbs over spot crypto ETF approvals, DOGE’s cozy relationship with Litecoin and Bitcoin boosts its chances, like winning a popularity contest among cryptos.

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2025-05-19 15:44