From CoinTelegraph
May 12, 2025 9:01 pm:

Dogecoin’s price surged 38% in May, its strongest monthly performance this year. Spot-buyer volumes have been dominant since March, with $4.7 billion in trading volume recorded over the past 24 hours, ranking fifth among cryptocurrencies. Strong onchain insights suggest bullish market sentiment and potential for a 180% rally to $1.

DOGE’s spot taker 90-day cumulative volume delta shows more aggressive buying than selling, similar to patterns seen before previous rallies. Long-term holder net unrealized profit/loss recently crossed 0.5, indicating most holders are in profit, boosting market stability. Investor accumulation suggests strong market demand driving recent gains.

Technical analyst Trader Tardigrade predicts a bullish outlook for DOGE/BTC trading pair, citing historical correlations with Bitcoin. A potential $1 target remains in focus, with a weekly MACD bullish crossover signaling possible 180% gains. Analysts forecast a surge to $0.65 as DOGE shows major strength and sets higher lows, aiming for $1+ prices.

Read more at Cointelegraph: Dogecoin traders predict 180% DOGE price rally if Bitcoin gains continue