The Dogecoin price experienced a well -necessary rebound during the month of April after three months of agony for investors when its price collapsed by more than 60%. On average, the same part is increasing by more than 6% this month, which brought it closer to the level of $ 0.2, although unable to break it. The month at the end, investors are already turning around the new month of May and what it could hold. So here is what historical data say of May for Dogecoin.
The Dogecoin price may well do in May
On average, the price of dogecoin actually worked well in May. Cryptorank website data show an average yield of 23% for DOGE during this month. Although the median is low, it is still positive, at 2.51%. According to this data, it is possible that the price of Dogecoin can continue the recovery.
For example, in May 2024, the Dogecoin price increased by 19.1% in May. This contrasts with the previous three years, however, when the Doge’s price has returned negative. So far, in the past 11 years, there has been a total of six years when May has ended positively and five years when it ended with the negative. This narrow gap suggests that it is a month that sees a battle between the Bears and the Bulls.
Looking at the year so far, there has also been an interesting trend when compared from 2025 to 2024. With four months of closure already in 2025, the graphics show a completely opposite performance between the two years. First, the month of January ended on a negative note in 2024, while January ended on a positive note in 2025.
The following two months, February and March, were incredibly optimistic for the Dogecoin price in 2025, ending with 50% and 87.5% gains, respectively. By sticking to the reversal performance trend, the months of February and March were very negative in 2025, ending in red with -38.5% and -17.5%, respectively.
This trend continues in April, where the month ended with a negative note of -39.5% in 2024, and yet there was an increase of 6.9% for the price of Dogecoin this month. If this inverse performance continues, May could be very lower for Dogecoin since May 2024 ended with a positive note of 19.1%.
Nevertheless, a positive feeling is always held in the community, with higher price expectations. Recent development is the billionaire Elon Musk displaying a badge “The Dogefather” for the Ministry of Government (DOGE).
Since Musk is the reason for the legendary rally of 36,000% Dogecoin in 2021, this was well received as a sign that he could continue to increase the price of Altcoin.
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