On May 7th, Dogecoin was priced at $0.15, marking a 19.51% increase over the past week. Analysts foresee a potential rally in meme-coins for May, including DOGE, although discussions mainly focus on its price stability rather than potential recovery.

Given DOGE's notable market volatility, investors are eager to see if the coin can sustain its current momentum, especially amid a bullish crypto market where Bitcoin and Ethereum hit new price highs this week at $62,473 and $3,004, respectively.

Cryptocurrency expert Ali Martinez recently shared insights, expressing confidence in DOGE's future despite recent market downturns, citing historical instances where significant price drops were followed by substantial gains.

In 2024, DOGE surprised observers by breaking free from a descending triangle pattern, leading Martinez to believe that the current price correction of 47% mirrors past cycles and could signal the start of another bullish phase for DOGE.

As of May 8th, DOGE was trading at $0.1485, showing a 6.02% decline in the previous 24 hours. While caution is advised for investors, there is optimism within the DOGE community, with signs of potential growth in the near future.

Speculation abounds regarding DOGE's future trajectory, with some experts suggesting it could reach $0.50 soon. However, achieving this milestone requires stability and resilience against volatility to overcome specific resistance levels. Surpassing the $0.20 mark is the next target for DOGE, and if accomplished, the remainder of May holds promising prospects for the meme-coin.