$DOGE

On May 1st, DOGE prices were hovering around $0.1810, registering an increase of about 6% in 24 hours. During that period, Ethereum and XRP did not keep pace, leaving Dogecoin with the label of 'altcoin of the day'. However, trading volume dropped by 11%, suggesting that this increase occurred with little noise. No matter: 'Dogecoin is forming higher lows,' announced an analyst.

It is preparing to stabilize above $0.19. Analyst Thomas Anderson mentions an 'ascending wedge formation' on the 30-minute chart, a figure that often signals strong rises. If DOGE surpasses the $0.22 threshold and its 200-day moving average, then the path will be clear.

Confidence is returning, and crypto whales are not mistaken. The sudden accumulation of Dogecoin recalls bullish precedents. According to Ali Martinez, such movements 'often precede significant price increases'. Another catalyst: persistent rumors about a Dogecoin ETF. 21Shares claims that the memecoin 'is no longer just a joke', and its simulations show a significant improvement in portfolios that include 1% DOGE.

Bloomberg even assesses an 80% probability of approval for such an ETF this year. If this materializes, institutional interest could push DOGE towards new highs.