In May 2025, Dogecoin (DOGE) is poised for takeoff, with multiple key indicators simultaneously sending strong bullish signals! Analysts predict that DOGE is about to see a nearly 50% surge, targeting $0.40! Three core factors—technical breakout, on-chain accumulation wave, and skyrocketing ETF approval expectations—are together driving this potential historic uptrend!
Signal 1: The long-term 'Fair Value Gap' has finally been filled! A monthly-level bull market is about to start!
Since 2021, the monthly chart of Dogecoin has shown a critical 'Fair Value Gap (FVG)' between $0.115 and $0.135—this area represents the market's long-term undervaluation of DOGE's true value. And by April 2025, this gap has finally been completely filled!
The price stabilizing above $0.135 confirms a strong support level and forms a long-term bullish structure. Closing of the FVG in the high time frame (monthly) is often accompanied by a sharp price reaction—history shows that such breakouts can trigger explosive rises! With resistance cleared, DOGE has no major obstacles, and the upward path is clearer!
Signal 2: Whales are frantically accumulating! On-chain data reveals an institutional-level buying spree!
On-chain data shows that from late April to early May, Dogecoin is experiencing a massive influx of funds! 'Whale' addresses (holding 100,000 to 1 million DOGE) are aggressively accumulating, and exchange supplies are continuously declining—indicating that large funds are hoarding coins rather than selling!
From April 15 to May 1, the average trading volume of DOGE skyrocketed by 18.1%, market liquidity surged, and funds are accelerating into the market! The supply-demand relationship is extremely optimistic. If buying pressure continues, DOGE may quickly hit ladder targets of $0.23 → $0.27 → $0.32 → $0.37 → $0.42 → $0.48!
Signal 3: The probability of Dogecoin ETF approval has surged to 64%! Institutional funds are about to flood in!
Recent market analysis shows that the probability of Dogecoin ETF approval has skyrocketed from 39% to 64%!
Regulatory winds are shifting, and institutional interest in meme coins is surging. If DOGE ETF is approved, it will bring billions of new funds! The derivatives market has already reacted in advance—last week, DOGE's open interest surged by 22%, and speculative funds are aggressively positioning!
May could be a key turning point; any ETF progress may trigger market FOMO, pushing DOGE into a frenzy of rising!
Technical news: Diamond bottom reversal + PMO bullish crossover, is $0.35 just the starting point?
From short-term technical analysis, DOGE has formed a 'diamond bottom reversal' pattern—this is a classic bottom signal that usually indicates a trend reversal!
The current price is stabilizing at the key support level of $0.16. Once it breaks through the upper trendline of the diamond pattern, the target will be $0.35! The Price Momentum Oscillator (PMO) is about to golden cross, confirming the start of an upward cycle! RSI indicates that DOGE is in a buildup phase, and the 28-day trendline is about to break through; if successful, it may trigger an explosion in the entire meme coin sector!
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