Looking at the Dogecoin (DOGE) price chart recently prompts only one question — could the major meme coin be gearing up for a strong May? Well, the historical numbers suggest it might.
A dig into Dogecoin’s price history by CryptoRank reveals that the concluding month of spring has often been a standout month for the cryptocurrency. In years like 2017, 2019 and 2020, DOGE posted solid double-digit gains, even during general uncertainty in financial markets.
On average, May outperforms many other months for Dogecoin, with both the median and average returns showing green. That’s a rare historical pattern, and definitely one worth noting.
Then there’s the current setup. After a volatile but upward-trending April, DOGE is trading around $0.18. The price action over the past few weeks shows higher lows forming, an important sign of accumulation. Traders watching the charts are not seeing explosive moves — what they are seeing is a market quietly building pressure.
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Context matters too. Even in rougher years, May often turned out better than expected for DOGE holders. Still, that kind of historical edge is not a guarantee — but in crypto, it’s more than enough to keep an eye on.
What’s next? If price history holds and sentiment remains more bullish-biased, Dogecoin could be positioned for fresh gains as May begins.
