In the past month, the Dogecoin (DOGE) price has rallied by nearly 50%. However, the DOGE price movement was not all bullish. On Tuesday, May 13, there was a sharp decline in the DOGE price, which saw it test lower support at $0.2. However, the pullback has proven to be short-lived after a 24-hour jump that has moved the DOGE price to $0.22.
The quick turnaround after the initial dip has caused DOGE analysts to predict a continuation in the meme coin’s rally, with a DOGE price prediction of $0.50 next. Will Dogecoin go all the way to half a dollar, or is another pullback imminent? Let’s find out.
Dogecoin charts show the bulls are pumping hard
The DOGE price is currently eyeing $0.30 after the recent market correction that impacted its rally. In the last 24 hours alone, Dogecoin has increased by nearly 3%, taking its cumulative monthly gains to almost 50%. The price movement suggests that DOGE is still in high demand among investors. The token is also cementing its place as the biggest meme coin on the market.
Source: CoinMarketCap
Looking at the Dogecoin charts, the token has maintained a price range between $0.20 and $0.24. Despite the dip, the DOGE price didn’t sink below $0.20, causing investors to believe that’s the new bottom for the meme coin. Moreover, the recent bull formation shows that a massive breakout could be imminent.
When placed side-by-side with Dogecoin’s technical analysis showing a strong buy sentiment among traders and investors, it’s easy to see why DOGE is topping the market gains. According to data from TradingView, the DOGE moving averages (MA) show a strong buy sentiment. If this momentum is maintained and competitors like Shiba Inu (SHIB) and Pepe Coin (PEPE) don’t hijack the meme coin market, we could see DOGE go as high as 50 cents.
Source: TradingView
Can DOGE reach $0.50 in 2025?
In May 2021, DOGE reached an all-time high (ATH) price of $0.73. Currently, the meme coin is down by almost 70% compared to its ATH, but the recent parabolic moves suggest that DOGE could be on the move towards $0.50 and $1 in 2025.
Since the DOGE price has successfully held above the $0.20 key level despite the recent dip, a subsequent breakout above $0.30 could happen and then drive DOGE by over 50% to cross $0.60.
Investors find a new DOGE alternative with 500x potential
While DOGE investors are hopeful for a new-year high, a new Ethereum-based token called Remittix has been attracting crypto whales. The altcoin has been on presale and has raised over $15 million in a few months. The super-fast presale speed has caused analysts to tip Remittix as the best crypto to buy now.
The current stage of the Remittix presale is almost over, and investors are looking forward to guaranteed profits from the RTX price increase in the next stage. Also, the exciting use cases that Remittix offers – including direct crypto-to-fiat transactions, instant bank deposits, and zero-fee crypto-to-fiat conversions – give it a shout as the next big thing in Payment Finance (PayFi).
Conclusion
With over 400% gains since its presale began, Remittix boasts bigger possibilities than DOGE and several other altcoins in 2025. Investors looking to diversify with the best penny crypto can buy RTX for $0.0757 before its full launch and price increase.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix