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Dogecoin Might Hit $1 This May—Is It a Moon Mission or a Meme Dream?

BBG News

According to Cryptonews, Dogecoin trading volume this week has doubled, crashing through the $1.9 billion mark. That’s the kind of financial action that makes even Warren Buffett go, “Wait, seriously? DOGE?”

This surge shoved Dogecoin right back onto everyone’s “Maybe I should have listened to that guy from high school” crypto list, with prices popping 7% on May 9, 2025. All this while the market’s about as jumpy as a squirrel on espresso after the FOMC meeting (which, like your ex, is still non-committal), and as US-UK trade negotiations stumble theatrically onward, Dogecoin finds itself thriving in chaos. Apparently, that’s its natural habitat.

Derivatives Market Hints at “Short Squeeze”—AKA, Doge Investors Choose Violence (the Long Kind) 🔥

Latest from Coinalyze shows Dogecoin traders are now 2.27 times more likely to bet on up rather than down. Translation: 70% of investors think the price will rise, the other 30% are just there for the memes (or pain).

Meanwhile, the Funding Rate—which basically tells you if people are betting so hard the rates go negative—bounced back to neutral and maybe even positive soon. Investors are actually optimistic about something for once!

If this buying binge continues, Shorters may face the dreaded “short squeeze”—that magical crypto moment when you lose money even though you were so sure you were right.

Will Dogecoin Really Hit $1 in May or Just Crash Your Dreams Again?

Optimism is flying higher than a SpaceX test rocket, which usually means Dogecoin could test the upper resistance of its long, exhausting downward trend. Yes, Doge is that guy at the gym who says he’ll bench 200 but mostly texts instead.

Recent bounces could be the start of Doge’s grand comeback—think Rocky Balboa, but the shorts are Shiba Inu print. We’re talking a potential 30% climb to $0.23 if it holds the long-term support it’s been clinging to since mid-2024. Yes, like that friend who still talks about high school football.

Momentum indicators are looking up (for now). The MACD is flirting with a Golden Cross, which in technical analysis is like getting a text back from your crush. RSI is also rising, finally getting out of the oversold basement and signaling some actual buying interest.

If Dogecoin keeps up this gym routine, breaking resistance could push it up to $0.44. But reaching the fabled $1 in the near future? Let’s just say you might see that before a stress-free family dinner. Economic uncertainty and awkward global trade relationships are still hanging around like that one dinner guest who won’t take the hint to leave.

Solaxy: The Budget Meme Coin You Didn’t Know You Needed

If you find the crypto world moving faster than your caffeine tolerance, you’re not alone. Everyone’s looking for the next big thing (or at least the next thing to brag about on Twitter). Enter Solaxy, 2025’s answer to “Wait, is that a real coin?”

Solaxy is a Layer-2 built on Solana, here to fix traffic jams, boost transaction speeds, and apparently, your hope for early retirement. Using Rollup tech (think Arbitrum and Optimism, but with more “To the moon!” energy), Solaxy processes transactions en masse before sending the results back to Solana’s main chain, all for your staking pleasure.

Solaxy’s presale started at $0.001 per token—a price so low your spare change feels rich. They’re raising it every 2-3 days (because, why not), and have already collected $33 million. That’s about 20 million more than you said you’d save this year.

After the presale wraps up (Q2 2025), Solaxy will hit exchanges like every influencer hits “record.” Early buyers have a chance to stake tokens for an annual return over 119%, which is more than your houseplants have managed this year, collectively.

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2025-05-09 10:14

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