DOGE Eyes 500% Surge as Historical Patterns and ETF Prospects Spark Optimism

On April 20, Dogecoin holders marked the annual DogeDay while excitement grew over an analyst’s prediction of a 500% price surge based on past market behavior. The analyst noted that a similar 129-day downtrend led to a dramatic rally in a previous cycle, where DOGE jumped from around $0.08 to over $0.40. Technical indicators reveal that DOGE is trading at $0.16132, anchored by a strong horizontal support level and testing key resistance near the 20-day EMA, while the Relative Strength Index shows improving momentum. Additionally, institutional attention is rising as the U.S. SEC reviews several ETF applications tracking DOGE, including filings by Bitwise, Grayscale, 21Shares, and Rex Shares. If these ETF approvals come through, they could further fuel a bullish breakout, aligning with the historical signals observed in the market.