2025 Dogecoin May Surge: What’s Driving the Rally?

2025 Dogecoin May Surge: Is the Meme Coin Rally Just Beginning?

Over the last seven days, Dogecoin’s price has risen in tandem with Ethereum, reaching its highest monthly performance of the year in May, up 32.52%. DOGE ranked fifth among the top cryptocurrencies (excluding stablecoins) with $3.8 billion in trading volume during the last day, according to CoinMarketCap.

Dogecoin’s CVD Data Hints at Another Major Breakout

Strong on-chain insights have been combined with the memecoin’s market dominance. DOGE’s spot taker 90-day cumulative volume delta (CVD), which calculates the net difference between buying and selling volume over a 90-day period, has been taker-buyer dominant, according to data from CryptoQuant. The pattern, which was last observed in November 2024 and contributed to DOGE’s breakout surge of 385% to $0.48 in Q4 2024, suggests more aggressive purchasing than selling.

Dogecoin Sentiment Turns Bullish: NUPL Crosses 0.5 for the First Time Since March!

For the first time since March 1, 2025, the long-term holder net unrealized profit/loss (NUPL), which measures unrealized gains or losses for DOGE holders with a minimum lifespan of 155 days, just crossed 0.5, indicating a shift to a bullish or belief sentiment.

A NUPL above 0.5 indicates confidence and a lower chance of selling since it indicates that the majority of holders are making money. Price stability is strengthened by this confidence since holders may decide not to sell and instead wait for larger gains. Strong market demand is indicated by all of the aforementioned criteria, and investors are actively buying Dogecoin, which probably helped explain its recent increases.

Dogecoin Set for Massive Rally? Analyst Predicts Bullish DOGE/BTC Breakout!

The anonymous technical analyst Trader Tardigrade disclosed a bullish outlook about the DOGE/BTC trading pair due to a favorable market structure. Given that the chart displayed a previous rally in which DOGE surged 30,000% from $0.0024 to $0.739 today, it indicated a similar scenario.

Based on Macroaxis data, Dogecoin and Bitcoin have historically had a strong correlation, roughly 0.67 over the last three months, meaning that DOGE’s path is frequently determined by BTC’s fluctuations. According to the analyst, the spike in Bitcoin might be followed by a sideways phase, which would set off a major DOGE rally that would last for weeks.

Dogecoin Aiming for $1? Analyst Predicts Big Move After Bullish MACD Crossover

In a different analysis, Trader Tardigrade also pointed out that Dogecoin’s immediate aim is still $1, following the memecoin’s third weekly MACD bullish crossover since 2024. Prices have jumped 180% between January 2024 and March 2024 and a staggering 385% between September 2024 and December 2024, as the chart shows. Each bullish crossover has been followed by a breakout.

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