Dogecoin price is showing strong growth as Bitcoin recently hit a new all-time high of $111,600 on May 22, 2025. Currently, Dogecoin has gained more than 6%, outpacing Bitcoin’s 4% gain within 24 hours. It went from an intraday low of $0.2244 to now trading from $0.2408, according to CoinMarketCap.
Its trading volume has also picked up pace with just 4.5% to 2.8 billion, however, interest is starting to surge amid a bullish breakout.
In a tweet earlier today, Market analyst Ali Martinez pointed out a bullish breakout on Dogecoin’s one-hour chart, where the coin moved past a “bullish pennant” pattern.
He said this move could push the price toward $0.31, which is a rise of nearly 29% from current levels. Martinez also noted that the coin had struggled around $0.26 but now seems ready to move higher.
On the daily chart, the price recently tried to cross this resistance zone on May 11 but has since dropped from there. However, looking at the 4-hour chart, the price had just broken out of a wedge flag pattern that was trading downward and ready to surge.
Meanwhile, another analyst, Chad, confirmed that Dogecoin’s weekly chart shows a positive trend. He highlighted the coin’s higher highs and higher lows and expects the price to first reach $0.26 and then possibly climb to $0.41. Chad also mentioned that Dogecoin could go even further to $0.74 in the longer term.
This outcome seems possible thanks to the price surge from Bitcoin. This year alone, BTC has gained over 60.51% with 48% of that coming from a jump in early April when the price started recovering a dip. Also, this new record came despite the shaky stock market and rising bond yield in the U.S.
According to Caroline Bowler, CEO of BTC Markets, the Bitcoin rally shows the crypto market’s maturity. In a previous report, she explained, “Today’s demand is driven by institutional-grade infrastructure and stronger regulatory clarity.” In short, if Bitcoin continues with this momentum, it could be positive for Dogecoin as it could help it reach a new all-time high as well.
Overall, Dogecoin’s price action is closely tied to Bitcoin’s performance. Any sharp reversal in Bitcoin’s price could affect Dogecoin’s outlook.
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