In the past week, Dogecoin (DOGE) has performed remarkably, with a weekly increase of 12%, briefly breaking the $0.19 mark. This surge has sparked discussions about Dogecoin potentially entering a new round of explosive growth.
Dogecoin has reclaimed the 100 Exponential Moving Average (EMA) after breaking down. If Dogecoin can stay above $0.20 this month, it will open the path to the historical high of $0.74. This breakout is not only a strong technical signal but could also mark a turning point in market sentiment.
The start of an upward cycle for Dogecoin often signifies the true arrival of altcoin season. Once DOGE begins to rise, it will serve as the official signal that altcoin season is legitimized, as it has always been an indicator of altcoin season.
After Musk, the next super catalyst is in place!
Although Musk's previous attempts to promote DOGE payments faced setbacks, now a game-changing super bomb is brewing—a DOGE spot ETF!
Recent news shows that financial giants like Grayscale and Bitwise are fiercely competing for the launch rights of the DOGE ETF, with market predictions for approval probability soaring to 58%! Once approved, traditional capital will flood in like a tsunami, and the price of DOGE could experience a cosmic-level explosion!
May Prediction: DOGE vs Pi Coin, who will reign supreme?
Dogecoin may violently surge to $0.29 in May (+61%), but could pull back by the end of the month.
Pi Coin is expected to soar to a high of $2.31 in the coming weeks. If it reaches the target price of $2.31, the price of Pi Coin will increase by 278.69%. Pi Coin may surpass Dogecoin (DOGE) in May 2025. However, PI may also not rebound as expected.
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