Dogecoin Analysis on May 24, 2025: Will the Bullish Surge Continue?

Analysis of Dogecoin’s developments on May 24, 2025, focusing on ETFs, whale activity, and price trends.

On May 24, 2025, Dogecoin (DOGE) remained a popular cryptocurrency in the market. Its price fluctuated between $0.227 and $0.237, reflecting efforts to recover after a recent 6% drop. Several factors, including ETF approval rumors, whale activity, and institutional support, have contributed to this trend. A significant development is the SEC’s review of multiple spot Dogecoin ETF applications, with final decisions expected by late May. These ETFs could boost institutional demand and drive prices to new levels, such as $0.35. Additionally, whale activity, with over 1 billion DOGE tokens purchased last week, signals strong confidence in the meme coin’s future. From a technical perspective, Dogecoin has formed a bullish flag pattern on daily charts, indicating continued upward momentum. Key support at $0.22 and resistance at $0.24 are critical levels to watch. Breaking the $0.24 resistance could push prices toward $0.28–$0.35. However, the unlock of 96.52 million DOGE tokens this week could create selling pressure, especially if demand is insufficient. Global economic policies, such as trade tariffs, and supportive statements from high-profile figures like the U.S. president have bolstered market optimism. However, some analysts warn that a recent decline in trading volume could signal a temporary pause in the uptrend. Despite its meme-based origins, Dogecoin’s strong community support and growing ecosystem make it an attractive investment, though investors should proceed with caution.