Wanting on the Dogecoin (DOGE) value chart not too long ago prompts just one query — may the most important meme coin be gearing up for a robust Could? Properly, the historic numbers recommend it’d.
A dig into Dogecoin’s value historical past by CryptoRank reveals that the concluding month of spring has usually been a standout month for the cryptocurrency. In years like 2017, 2019 and 2020, DOGE posted strong double-digit good points, even throughout basic uncertainty in monetary markets.
On common, Could outperforms many different months for Dogecoin, with each the median and common returns displaying inexperienced. That's a uncommon historic sample, and undoubtedly one value noting.
Then there’s the present setup. After a unstable however upward-trending April, DOGE is buying and selling round $0.18. The value motion over the previous few weeks reveals increased lows forming, an vital signal of accumulation. Merchants watching the charts should not seeing explosive strikes — what they’re seeing is a market quietly constructing strain.
Context issues too. Even in rougher years, Could usually turned out higher than anticipated for DOGE holders. Nonetheless, that type of historic edge is just not a assure — however in crypto, it’s greater than sufficient to control.
What’s subsequent? If value historical past holds and sentiment stays extra bullish-biased, Dogecoin could possibly be positioned for recent good points as Could begins.
