$0.40 In Sight? 3 Reasons $DOGE Could Rise 50% in May 2025

Electronic Money Dogecoin starts May 2025 with notable momentum changes that analysts believe could trigger a bullish increase of nearly 50% to $0.40. DOGE begins May with two promising signal points derived from technical analysis beyond on-chain indicators. The combination of the large closure of the monthly Fair Value Gap with increased investor activity on-chain and expectations for the approval of the (ETF) has created a positive outlook for DOGE. These three distinct events form a synchronous opportunity that appears as market sentiment begins to recover. In April 2025, Dogecoin completed the long-standing monthly fair value gap that began at the start of 2021. From the beginning of 2021 until the end of April 2025, the FVG existed in the range from $0.115 to $0.135 when it ultimately closed at that time. Price volatility tends to be attracted by existing fair value gaps, subsequently causing the asset to return to its previously inefficient market value.

DOGE has successfully entered this profit zone by maintaining above the $0.135 level, creating a potential bullish pattern. Price action reacts quickly as long-standing FVGs close, especially on longer time frame charts, including monthly charts. The removal of key resistance allows investors to focus their analysis on blockchain data supporting the recent bullish move. On-Chain Data Reflects Accumulation Trends Blockchain analysis tools indicate a growing accumulation trend for DOGE across multiple platforms in late April. Investors holding between 100,000 and 1 million DOGE units have increased their holdings of the electronic money while the price of DOGE remains within the FVG zone. This group of investors, holding between 100,000 and 1 million DOGE units, has contributed to a net increase in the money supply while the trading supply has decreased at this time.

The average trading volume increased significantly by 18.1% from April 15 to May 1, indicating a strong influx of capital movements in the market. The increase in the number of transactions signals employee support for higher price levels in line with the market's technical signals. During this accumulation phase, along with the reduction of sell-offs by investors, the market typically progresses in the direction of 0.23 – 0.27 – 0.32 – 0.37 – 0.42 – 0.48$. The Current ETF Approval Rate is at 64% Market analysts monitoring legal sentiment have noted a strong increase in the approval rate for Dogecoin ETFs, now estimated at 64%. Recent legal developments and broader changes in the market industry have caused this approval rate to rise from 39% in March 2021.

Research shows that the acceptance rate has increased during the period when organizations began to activate interest in meme-based digital assets. From derivative market data, we can see that futures contracts reflecting open interest in DOGE have risen by 22% in the past week. New advancements in the ETF process in May may sustain further speculative inflows. Combined signals from regulatory measures, technical indicators, and blockchain network activity have developed the current rise of Dogecoin.