Will Dogecoin Hit $0.30 in May 2025?

Dogecoin’s recent price surge has reignited interest in the popular meme coin. After weeks of trading within a tight range, DOGE broke through key resistance levels early this month. This increase comes as network activity and investor optimism grow thanks to an updated Dogecoin ETF filing by 21Shares, which caught market attention. The question remains: Can DOGE sustain its momentum to hit the $0.30 mark? 21Shares’ ETF filing sparked renewed interest in the coin. 21Shares’s recent ETF filing and positive news around DOGE have triggered a price surge that has taken DOGE from $0.17 to a recent high of $0.26 before pulling back slightly to around $0.23-$0.24. 21Share’s update comes on the heels of rising active Dogecoin addresses, which surged over 500% in a single day. This surge aligns with increased futures open interest, showing continued speculative positioning even as price momentum declines – a dynamic worth monitoring: https://t.co/N343pGpptL. 21Share’s ETF filing and the renewed activity indicate the meme coin is gaining serious traction. 100% up on the week, with Futures Open Interest now at $1.62B, this suggests sustained speculative interest, even as price momentum fades. However, the recent surge highlights the coin’s technical strength, a trend that hasn’t been seen in months. The support zone for DOGE lies between $0.22 and $0.23, a level previously resisted but eventually overcome. If this level holds, it signals buying interest and could pave the way for a further price rise. This move is crucial for DOGE as its current price action appears to be driven by genuine momentum rather than just hype. To break past resistance at $0.25-$0.26, where DOGE faced rejection in recent days, significant volume would likely signal a larger upward trend and push prices toward $0.30. Meanwhile, broader market sentiment is also improving with Bitcoin stabilizing above $60,000, while altcoins are gaining traction. This positive outlook for the crypto market could lead to a wider adoption of DOGE as traders explore high-risk, high-reward investments. The future of Dogecoin remains uncertain, but recent price action suggests that DOGE is moving beyond its meme roots and becoming a real contender in the financial landscape, backed by data and momentum. Whether the coin can achieve sustained growth towards $0.30 will be critical to determining its long-term trajectory