Dogecoin Price Prediction: Can $DOGE Exceed $0.18 in May?

Dogecoin has quietly built strength over the past few weeks and is now approaching a major breakthrough. After trading sideways for most of April, the price is consolidating just below the important resistance level near $0.179, forming what looks like a textbook ascending triangle — a bullish pattern that often precedes explosive moves. At the time of writing, DOGE is fluctuating around the price of $0.179. Bullish speculators have tried to defend every dip since mid-April, gradually pushing the price higher with a series of higher lows. This structure often indicates that buyers are gaining control, especially when the price continues to press against a horizontal ceiling like the resistance level seen around $0.165 to $0.18.

Dogecoin's 4-hour chart shows that the price has formed an ascending triangle pattern since around April 12. Buyers have consistently pushed the lows higher from the $0.14 mark, while sellers have consistently entered between $0.165 and $0.18, creating a tightening structure that often signals an upcoming breakout What makes this pattern important is that the trading volume has decreased while the price is consolidating — a common sign that a breakout may be imminent. The RSI is at around 55, which means there is still room for the price to rise before reaching the overbought territory. Meanwhile, the MACD (, a momentum indicator that tracks the relationship between two moving averages, is currently moving sideways, but if buying pressure increases, we may soon see a bullish crossover. All of these create a foundation for the breakthrough ability in early May. Resistance level, support and breakout For DOGE to experience significant growth, it needs to surpass the resistance level of $0.18. This price has been a barrier for the past two weeks, so if it breaks past that level with strong buying activity, it could trigger a bullish rally. The downside is that there is an important support level around $0.145, marked by the upward trend line. As long as DOGE remains above this level, the bullish outlook is still intact. However, if it falls below this support level, it could break the pattern and push DOGE back into the range of $0.13–$0.138, which is the previous low from early April.

But if buyers enter the market and break through the resistance level of $0.18, the next price target could drop to around $0.22 — a level equivalent to the previous high in March — and if the bullish momentum continues, the target of $0.25 is not impossible. What is driving this movement? Although Dogecoin hasn't had any major headlines recently, there has been a subtle increase in attention as the broader meme coin story begins to heat up again. Retail investor interest remains modest — in fact, this is a good sign, as breakthroughs that start quietly tend to last longer. Bitcoin is also stabilizing around the 95,000 dollar mark. This helps maintain the stability of the cryptocurrency market in general, giving altcoins like Dogecoin a bit of breathing room. If BTC starts to rise again, it could provide Dogecoin with the additional momentum needed to break through the resistance level. There is also a seasonal factor — historically, May is a strong month for cryptocurrency. If that pattern repeats, we might see Dogecoin making a move soon. So, where will DOGE go in May? If Dogecoin breaks through the resistance level of $0.18 at the beginning of May with large trading volume, expect the price to increase to $0.22 in the short term, and then it could rise to $0.25 if the bullish momentum remains intact. These targets are not random — they originate from previous price action and Fibonacci levels, which tend to attract prices during strong uptrends. But if DOGE cannot break through the resistance level of $0.18 and eventually drops below $0.145, that would reverse the momentum in favor of the bears. In that case, we could see the price drop back to the $0.13 region, where it last found solid support. That would pause the breakout narrative and instead suggest a longer consolidation phase. At this time, the trend is leaning towards a bullish trend — but the breakout has not yet been confirmed. If you are a trader, it is important to monitor in the coming days whether DOGE can break through the wall of $0.18. If so, the party may just be getting started.