Dogecoin (DOGEUSD) Price to Bounce up to Level $0.251

Dogecoin (DOGEUSD) Price Forecast: May 12

DOGEUSD pair may bounce up to level $0.251 as it holds recovery opportunity with a bullish reversal pattern. The increase in bulls’ momentum may encourage investors to drive the coin price and remain stable at the upper channel. Thus, a potential breakout from the immediate resistance of $0.233 will give additional confirmation for bullish recovery, if the bulls can increase their efforts in the market.

Key Levels:
Resistance Levels: $0.235, $0.240, $0.245
Support Levels: $0.166, $0.165, $0.164

DOGE (USD) Long-term Trend: Bullish (4H Chart)

The long-term market value of Dogecoin is moving in a bullish direction and may bounce up to reach the $0.251 resistance level.
The bulls’ successful breakout to a $0.226 high is the reason for its bullishness at the recent price level.

Today’s 4-hourly bullish candle at $0.233 supply value above the moving averages confirms the bulls’ dominance in the market. This breakup may accelerate the bullish momentum and extend the ongoing correction to a higher level.

Additionally, the price of DOGEUSD might increase further if the bulls could push harder; if this is achieved, the price might bounce up to $0.251 and extend further to a resistance level of $0.260 in the near days and beyond in its higher time frame.

DOGE (USD) Short-term Trend: Bullish (1H Chart)

The coin also displays a bullish posture in its short-term outlook, due to the high inflow from the long traders.
.251" width="1281" height="496" data-lazy-src="https://learn2.trade/wp-content/uploads/2025/05/DOGEUSD-MON-MDT.png"/> The increase in the momentum by the bulls at the $0.227 supply value during the last session has enabled the Dogecoin price to stay strong above the resistance lines.

The market price of DOGEUSD has just broken up the EMA-50 at the $0.251 high level as the 1-hourly chart opens today.

However, with sustained investors’ enthusiasm, the DOGEUSD price prediction could reach as high as the $0.251 level, as it experiences a remarkable surge.

Furthermore, the daily stochastic signals an uptrend. If the bulls could push harder and sustain the coin price above the $0.0.240 previous high, the resulting rally may surpass the $0.251 level and hit the $0.260 psychological level at the upside in the days ahead in its short-term perspective.

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