DOGE Rockets 35% in 48 Hours—Meme Coin Rally Just Warming Up?

Dogecoin’s sudden surge leaves traders scrambling—and Wall Street ’experts’ eating their spreadsheets. The meme coin defied gravity with a double-digit pump, but the real question is whether this is a dead cat bounce or the start of a proper bull run.

Technical indicators show DOGE breaking key resistance levels, while on-chain data reveals whales accumulating positions. Meanwhile, retail FOMO is ticking up like a leveraged long on margin.

Just remember: in crypto, what goes ’to the moon’ usually comes crashing back down—especially when Elon Musk tweets. Proceed with diamond hands... and an exit strategy.

Recall that DOGE’s price had tumbled to a multi-month low of $0.13 just several weeks back, during the darkest hours of the Trade War between the US and essentially the rest of the world. As the global macro conditions improved, though, so did the crypto market, and Dogecoin has been among the frontrunners of gains.

Fast forward to May 8, the OG meme coin’s price stood at around $0.17. In just a short 48-hour period, its price skyrocketed by 35% to its highest levels since early March of $0.23.

Popular crypto analysts quickly picked up the move and outlined even more bullish price targets for the largest meme coin. Ali Martinez was among the more modest ones, envisioning a price surge to $0.27 as DOGE has rebounded “strongly from its ascending support trendline.”

#Dogecoin $DOGE is rebounding strongly from its ascending support trendline, eyeing a potential MOVE toward $0.27. pic.twitter.com/E3BVdOfo2s

— Ali (@ali_charts) May 10, 2025

Satoshi Flipper was even more bullish, indicating that DOGE’s price against the dollar is “ripping” and their chart predicts a price surge toward $0.4.

Cephii told their almost 80,000 followers on X that dogecoin will have a new floor price because of the ETFs that they believe have a “high likelihood of being approved.” They advised people to hold and continue buying if the price slips to $0.19 once again.

$doge will have a new price floor because of the ETF’s which have a high likelihood of being approved. ETF’s will result in more $doge being held indefinitely too even if they are only minimally popular. As a store of value, $doge market cap is very sensible given how well know… pic.twitter.com/EBh7Geesql

— Cephii (@Cephii1) May 10, 2025