🚀 3 Reasons Why $DOGE Price Could Surge 30% Soon

📊 Falling Social Sentiment Hints at Accumulation
Dogecoin’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 November’s rally. Additionally, daily trading volume and open interest have dipped, suggesting room for renewed bullish momentum.

💰 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.

📈 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.