Dogecoin’s price dropped to as low as $0.097 on May 23rd, falling below $0.10 after peaking at $0.114 on May 14th.
Dogecoin’s price recovered along with other cryptocurrencies after a recent dip, rising back above $0.10. Currently, DOGE is trading at $0.10, a 1.47% increase over the past 24 hours. Despite this gain, it’s still down 8.13% for the week, based on data from CoinMarketCap.
On Saturday, Dogecoin’s price dropped to $0.097, mirroring a wider downturn in the market that led to over $900 million in liquidations. This caused Dogecoin to fall below its 50-day moving average of $0.102 – a price level it hadn’t dropped below since mid-April. However, some investors saw this as a buying opportunity, pushing the price back above $0.102. The key now is whether this increase can be maintained.
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1 day left for key development
A new app designed to let businesses accept Dogecoin as payment is launching its beta version on May 25th.
The upcoming Beta release will include testing of several new features, such as a self-custodial wallet for managing funds, a contacts and transfer system, and tools for invoicing and point-of-sale transactions using Dogecoin. Users will also be able to track transactions in real-time, among other improvements.
What’s next for Dogecoin price?
Since late April, Dogecoin (DOGE) has been trading in a narrow price range, generally staying between $0.09 and $0.12. It’s been fluctuating around its 50-day and 200-day moving averages during this time.
If Dogecoin stays above $0.102, it’s likely to face resistance around $0.11, and then $0.12. To really start a new price increase, buyers need to get the price above $0.12, which could then lead to gains towards $0.14 and eventually $0.16.
If the price goes down from where it is now, it could potentially fall to $0.09.
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2026-05-24 18:00