Dogecoin price has shot up 38% in May alone, making it the strongest monthly performance for the cryptocurrency in 2025 so far.

Dogecoin Price仅在5月份就投入了38％，这使其成为到目前为止2025年加密货币的每月表现最强。

According to CoinGecko, DOGE also recorded $4.7 billion in trading volume over a 24-hour period, placing it fifth among top cryptocurrencies when excluding stablecoins.

根据Coingecko的说法，Doge在24小时内还记录了47亿美元的交易量，在排除稳定的稳定币时，在顶级加密货币中排名第五。

On-chain data from CryptoQuant shows strong market demand for the cryptocurrency.

来自加密货币的链上数据显示了对加密货币的强劲市场需求。

CryptoQuant reports that DOGE’s spot taker 90-day cumulative volume delta has been "taker buyer dominant," highlighting more aggressive buying than selling. This buying pattern was last observed in November 2024.

CryptoQuant的报道称，Doge的现场接管者90天累计数量Delta一直是“ Taker Buyer占主导地位”，强调了比出售更具侵略性的购买。这种购买方式是在2024年11月最后观察到的。

Another positive indicator is the long-term holder net unrealized profit/loss (NUPL), which recently crossed above 0.5 for the first time since March 1, 2025.

另一个积极的指标是长期持有人净未实现的盈利/损失（NUPL），自2025年3月1日以来，最近首次超过0.5。

This metric, also tracked by CryptoQuant, measures the collective profit or loss of long-term holders, who are typically defined as those holding coins for at least 150 days.

该指标也由CryptoQuant追踪，衡量了长期持有人的集体利润或损失，这些指标通常被定义为持有硬币至少150天的持有硬币。

When NUPL exceeds 0.5, it means most holders are in profit. This signals market confidence and lessens the likelihood of selling pressure.

当NUPL超过0.5时，这意味着大多数持有人都在获利。这标志着市场信心，减轻了销售压力的可能性。

Technical Analysis Points to Higher Prices

技术分析指向更高的价格

Technical analysts have identified promising patterns on Dogecoin’s price charts.

技术分析师已经确定了Dogecoin价格图表的有希望的模式。

One anonymous analyst, known as Trader Tardigrade, pointed out a bullish setup on the DOGE/BTC trading pair.

一位被称为Trader Tardigrade的匿名分析师指出了Doge/BTC交易对的看涨设置。

The weekly chart shows a MACD bullish crossover, which is only the third such occurrence since 2024.

每周图表显示了MACD看涨跨界，这只是自2024年以来的第三次跨界。

Previous crossovers were followed by substantial price increases - 180% between January and March 2024, and 385% between September and December 2024.

先前的跨界车之后，价格大幅上涨 - 在2024年1月至3月之间的180％，在2024年9月至12月之间385％。

Another analyst, Javon Marks, set an immediate target of $0.65 for Dogecoin, which would be its highest price since May 2021.

另一位分析师Javon Marks为Dogecoin设定了0.65美元的目标，这将是自2021年5月以来的最高价格。

This represents a potential 180% increase from current levels. Marks suggested the possibility of prices breaking above this target, bringing the $1 mark into play.

这可能比目前水平增加180％。马克斯表明，价格可能超过此目标，使$ 1大关发挥作用。

$DOGE (Dogecoin) now showing MAJOR STRENGTH after setting Higher Lows !

$ DOGE（Dogecoin）现在在设置更高的低点后显示出重要的力量！

$0.6533 can be coming in another nearly +180% upside and prices could even break above, bringing $1+ into play… https://t.co/7Jt82s0jLy pic.twitter.com/vbCjIxzlzR

$ 0.6533可能会在另一个近 + 180％的上涨空间中出现，而且价格甚至可能超过超越，从而使$ 1 +的价格……https：//t.co/7jt82s0jly pic.twitter.com/vbcjixzlzr

— JAVON⚡️MARKS (@JavonTM1) May 10, 2025

- javon⚡️marks（@javontm1）2025年5月10日

Some analysts are making even bolder predictions. Crypto analyst Master Kenobi compared the current price structure to Dogecoin’s 2017 cycle.

一些分析师正在做出更大胆的预测。加密分析师Kenobi大师将当前的价格结构与Dogecoin的2017年周期进行了比较。

According to this analysis, the pattern is following a similar trajectory but at twice the speed.

根据此分析，该模式遵循类似的轨迹，但速度是两倍。

In 2017, Dogecoin went through a 70-day consolidation period before experiencing an 850% rally over 45 days. However, the current cycle has compressed the initial phase to 35 days.

2017年，Dogecoin经历了70天的合并期，然后在45天内经历了850％的集会。但是，当前周期已将初始阶段压缩到35天。

This analysis suggests that the expected bullish breakout from the 35-day cycle could last just 22 days, which could take Dogecoin to $1.05 by early June. The prediction depends on DOGE maintaining and intensifying its momentum.

该分析表明，从35天周期中预期的看涨爆发可能只能持续22天，到6月初，Dogecoin可能会达到1.05美元。预测取决于Doge维持和增强其动力。

Dogecoin and Bitcoin share a strong correlation, with a coefficient of 0.67 over the past three months according to Macroaxis data. This means Bitcoin’s price movements often influence DOGE’s trajectory.

Dogecoin和比特币具有很强的相关性，根据大量数据，在过去三个月中系数为0.67。这意味着比特币的价格变动通常会影响Doge的轨迹。

Some analysts, such as Ben Armstrong, predict that Bitcoin’s continued strength, followed by a potential sideways phase, could trigger a massive rally for Dogecoin, which could last several weeks.

一些分析师，例如本·阿姆斯特朗（Ben Armstrong），预测比特币的持续强度随后是潜在的侧向阶段，可能会触发大规模的Dogecoin集会，而Dogecoin可能会持续数周。

At present, Dogecoin is trading around $0.24, having risen approximately 6% in recent hours. The cryptocurrency has moved from trading between $0.15 and $0.20 in April to its current higher level.

目前，Dogecoin的交易约为0.24美元，最近几个小时内增加了约6％。加密货币已从4月份的0.15至0.20美元之间的交易转变为当前的更高水平。

For DOGE to reach the ambitious target of $1, it would need to maintain strength above the $0.22 to $0.24 zone and potentially trigger a wave of FOMO (fear of missing out) among retail traders.

为了使Doge达到1美元的雄心勃勃的目标，它将需要保持高于0.22至0.24美元的$ 0.24区域的实力，并可能触发零售商人中的FOMO浪潮（担心失踪）。

The coming weeks will be crucial for Dogecoin as investors watch for signs of continued momentum or potential resistance. As of now, technical indicators and on-chain metrics suggest the possibility of further upside, though the extent of any future rally remains to be seen.

对于Dogecoin来说，接下来的几周将至关重要，因为投资者注意持续的势头或潜在抵抗的迹象。截至目前，技术指标和链界指标表明可能有进一步上涨的可能性，尽管任何未来的集会程度还有待观察。