3 REASONS DOGECOIN PRICE COULD REACH $0.40 IN MAY 2025!

Here are three reasons Dogecoin price could reach $0.40 in May 2025:

Closure of Monthly FVG Gap: Dogecoin has closed a monthly Fair Value Gap (FVG), which could spark an upward breakout. Analyst Polaris.xbt notes that if Dogecoin defends support at the bottom range of its consolidation zone, it may enter a sustained uptrend past $0.40.

On-Chain Data Signals Bottom: According to Santiment, Dogecoin's 365-day Market Value to Realized Value (MVRV) ratio has plunged to -37%, indicating that most holders are underwater and the coin is undervalued. This often precedes an upward recovery, mirroring past patterns.

Increased Odds of DOGE ETF Approval: Polymarket reveals a 64% chance of a spot Dogecoin ETF approval, while Bloomberg analysts predict an 80% chance. This potential approval could fuel positive market sentiment and trigger a surge in buy-side pressure, driving Dogecoin's price up to $0.40.

It's worth noting that Dogecoin's current price is around $0.169, and reaching $0.40 would represent a significant 135% rally. Some analysts believe this is achievable given the current market conditions and trends .#BitcoinReserveDeadline #DOGE $DOGE