Price Analysis View Non-AMP

Dogecoin Price Analysis and Forecast: DOGE Price Confirms Early Bull Phase

Published by
Steve Muchoki
  • A consistent close above the resistance range between 19 cents and 20 cents will trigger a rally toward the parabolic phase for the DOGE price.
  • The anticipated approval of spot DOGE ETF in the next few months will improve its overall liquidity, trading volume, and demand.

Dogecoin (DOGE) price performed better than the rest of the top-10 altcoins by market capitalization in the past 24 hours. As Bitcoin (BTC) price teased above $97k and the total crypto market cap gained 1.2 percent in the past 24 hours to hover about $3.12 trillion, DOGE price rallied over 5 percent to trade around $0.1813 on Thursday, May 1, during the mid North American session.

The early bull phase – characterized by rising optimism and a breakout from key resistance levels – has signaled the onset of the much anticipated parabolic phase of the 2025 crypto bull cycle. 

Dogecoin Whales Increases Accumulation

As investors adjust accordingly, amid the Wall Street quarterly earnings report and improving trade war negotiations, on-chain data shows whale investors have increased their appetite for memecoins, led by Dogecoin. According to market data from Santiment, Dogecoin investors, holding between 1 million and 10 million coins, added 100 million DOGE in the past week to currently hold about 10.55 billion coins.

The rising demand for DOGe coincides with the notable spike in its Futures Open Interest (OI) to about $1.88 billion, from about $1.31 billion on April 9, 2025. Additionally, as Coinpedia reported, the odds for a Doge ETF approval before the end of this year have significantly increased, with Polymarket’s users betting at a 68 percent approval rate.

What Next For DOGE

Dogecoin price has depicted a high correlation with Bitcoin price action YTD, catalyzed by its high adoption by institutional investors. The large-cap memecoin, with a fully diluted valuation of about $26.9 billion and a 24-hour average trading volume of around $1 billion, is aiming for 26 cents, which coincides with the 200-day Moving Average Simple (SMA).

From a technical analysis standpoint, DOGE will enter its price discovery in the near future. However, the weekly MACD line must cross above the signal line and the Relative Strength Index (RSI) regains above 50. 

Steve Muchoki

Steve is a crypto news writer with a passion for decoding market moves. He blends breaking blockchain news with sharp technical analysis and bold price predictions. From Bitcoin rallies to altcoin breakouts, Steve breaks it all down with clarity and insight. Whether you're a trader or just curious, his analysis keeps you ahead of the curve.

Recent Posts

Crypto Regulations in the USA 2025

The US crypto regulation has changed dramatically in 2025, with the Trump administration adopting a…

July 26, 2025

Algorand Price Prediction 2025, 2026 – 2030: Will ALGO Price Hit $1?

Story Highlights The live price of the Algorand is Price predictions suggest ALGO could reach…

July 26, 2025

Avalanche Price Prediction 2025, 2026 – 2030: Will AVAX Price Hit $100?

Story Highlights The live price of the Avalanche is . Price predictions for 2025 suggest…

July 26, 2025

Finding The Next Pepe Coin – What Cryptos Might Have The 10,000x Factor?

Pepe Coin’s 2021 meteoric rise showed how quickly a meme token can explode. Today, traders…

July 26, 2025

Cardano Price Drops But ADA Remains A Hugely Bullish Bet For Experts, Along With RTX and SUI

Cardano's price has dropped 1.88% to $0.7908 but is still a top long-term crypto bet,…

July 26, 2025

We Asked Grok, ChatGPT, and Deepseek AI To Pick The Next Shiba Inu (SHIB) – They All Agreed On This Coin

Shiba Inu coin's recent market performance has shown signs that the meme coin might be…

July 26, 2025