๐Ÿš€ 3 Reasons Why $DOGE Price Could Surge 30% Soon

๐Ÿ“Š Falling Social Sentiment Hints at Accumulation
Dogecoinโ€™s social sentiment score has dropped to -0.60, significantly lower than March levels. Historically, low sentiment often signals accumulation by smart money investors, as seen in Novemberโ€™s rally. Additionally, daily trading volume and open interest have dipped, suggesting room for renewed bullish momentum.

๐Ÿ’ฐ MVRV-Z Score Indicates DOGE is Undervalued
The Market Value to Realized Value (MVRV) Z-score shows DOGE remains undervalued with a score of 2.40, down from 2.70 in November. Readings below 3 suggest an asset is cheap and could be primed for growth. Additionally, the MVRV chart has formed a Cup and Handle pattern, a classic bullish signal pointing to a potential rebound.

๐Ÿ“ˆ Technical Patterns Suggest More Upside
On the 4-hour chart, DOGE has broken above the 50-period moving average, signaling continued bullish strength. A bullish pennant pattern has also emerged, hinting at further gains if DOGE clears the $0.3986 resistance level. The next target stands at $0.48, with the psychological milestone of $0.50 in sight, marking a potential 30% surge.