Key notes
- Analysts of eminents like Tardigrade and Ali Martinez trader have highlighted technical indicators pointing to other gains for Doge.
- Crypto Martinez analyst underlined a rebound in a support trend, suggesting a potential movement around $ 0.27 in the short term.
- Analyst Krisspax has linked Dogecoin trajectory to the money supply of M2, providing for an increase greater than $ 0.50 by June if the trend is valid. .
In the middle of the new Altcoin rally, the Dogecoin price pumped another 12% today, going to $ 0.23 with its market capitalization by crossing $ 33.7 billion. Market analysts have become bruise on current prices action, predicting a full -fledged Doge season and a $ 1 rally.
Dogecoin price increases another 12% in the middle of market optimism
The price of Dogecoin shows a force under current market conditions while traders continue upward expectations for the memes piece. The eminent crypto commentator “Blockchain Baller” indicated the first signs of a potential escape from Dogecoin (DOGE).
After a period of prolonged dormancy, the analyst suggests that the meme piece shows signs of accumulation. Describing the accumulation phase as “not flashy, just slow and controlled”, the analyst predicts $ 0.31 as the next key target for DOGE. “When Dogecoin runs, he runs,” said Blockchain Baller. “This is one of those assets that no one speaks until it is up + 20% per day.”
The merchant of the Popular Crypto analyst Tardigrade underlined bullish technical signals for the Dogecoin Prize, which means that the hope of a potential rally. The analyst noted that the MacD indicator (Divergence of Mobile Average Convergence) is experiencing a crossing, often considered as a strong bullish signal in the technical analysis.
“Can we reach the brand from $ 1 to $ 1 this time?” The merchant questioned, fueling the speculation of a significant increase in prices.
#Dogecoin MacD crossover occurs 🔥
Can we reach $ 1 $ DOGE Mark this time? pic.twitter.com/sqvmbhgahe– Trader Tardigrade (@tatrader_alan) May 10, 2025
In addition, Tarder Tardigrade highlighted a solid rebound in the Doge / BTC commercial pair from a key support trend, suggesting an increasing force against Bitcoin. The analyst also referred to an imminent “doe season”, where Dogecoin could see increased interests and commercial activities. The community is impatiently waiting to see if these technical developments result in a sustained increase movement for Doge.
#Dogeseason is to come 🔥$ DOGE / / $ BTC shows a strong rebound of a support trend 🚀 pic.twitter.com/ssmod691iz
– Trader Tardigrade (@tatrader_alan) May 9, 2025
Will DOGE follow the M2 money supply?
The Crypto KrissPax analyst presented an intriguing correlation between the Dogecoin price and the M2 money supply, suggesting a possible increase in the Doge value. According to Krisspax, if Doge continues to follow the money supply of M2 with a period of 110 days, the memes part could exceed $ 0.50 by June.
If Dogecoin follows the money supply of M2 over a period of 110 days, we could see $ DOGE Over $ 0.50 in June! pic.twitter.com/zutsz2tqo0
– Krisspax (@KrissPax) May 9, 2025
Another popular analyst, Ali Martinez said that Doge showed solid signs of recovery, bouncing his upward support trend. This technical force positions DOGE for a potential rally to $ 0.27 in the coming weeks.
#Dogecoin $ DOGE Strongly rebellious of its upward support trend, looking at a potential movement to $ 0.27. pic.twitter.com/e3bvdofo2s
– Ali (@ali_charts) May 10, 2025
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Bhushan is a fintech enthusiast and has a good flair in understanding the financial markets. Its interest in the economy and finance draws its attention to the new technology of emerging blockchain and the markets of cryptocurrencies. He is permanently in a learning process and motivates himself to share his acquired knowledge. In free time, he reads fiction novels to thriller and sometimes explores his culinary skills.
