The price of Dogecoin (CRYPTO: DOGE) slid 2% on Friday.

Dogecoin（加密：Doge）的價格在周五下跌了2％。

One of the key on-chain metrics as well as the increasing likelihood of DOGE ETF approval also bode well for the meme coin and could trigger more buying pressure.

關鍵的鏈界指標之一以及Doge ETF批准的可能性增加的可能性也很好地表明了模因硬幣，並可能引發更大的購買壓力。

3 Factors That Could Drive A Dogecoin Price Rally To $0.40 In The Next Few Weeks

在接下來的幾週內，可能會將Dogecoin價格集會推向$ 0.40的3個因素

The Dogecoin price is showing signs of strength, according to the latest analysis by Polaris.xbt on the X platform.

根據Polaris.xbt在X平台上的最新分析，Dogecoin的價格顯示出強度的跡象。

Pointing out that DOGE has closed the monthly Fair Value Gap (FVG) and is now trading within a stable consolidation zone, could potentially trigger an upward breakout.

指出Doge已經封閉了每月的公允價值差距（FVG），現在正在穩定的合併區域內進行交易，可能會引發向上的突破。

According to its analysis, the Dogecoin price outlook is quite positive. If DOGE is able to maintain support at the lower boundary of this consolidation zone, then the next big challenge is to break the resistance level at $0.22.

根據其分析，Dogecoin的價格前景非常積極。如果Doge能夠在該合併區的下邊界維持支撐，那麼下一個大挑戰是將電阻水平打破0.22美元。

If the breakout from that level is successful, Dogecoin has a chance to enter a sustained uptrend and surpass $0.40—similar to the price rally that occurred when the issue of DOGE ETF approval surfaced.

如果從該水平的突破成功，Dogecoin有機會進入持續的上升趨勢並超過0.40美元，這與Doge ETF批准發行時發生的價格集會相似。

Conversely, if DOGE fails to make a clean breakout from the current consolidation zone and instead slips down, then crucial support is at $0.10. If this level is broken, Dogecoin will lose all the price gains made in the fourth quarter due to President Trump’s election sentiment.On-Chain Data Indicates A Bottom In DOGE Price

相反，如果Doge無法從當前合併區域進行乾淨的突破，而是滑倒，則關鍵支持為0.10美元。如果該水平被打破，Dogecoin將因特朗普總統的選舉情緒而失去第四季度的所有價格上漲。

In addition to technical analysis, on-chain data from Santiment—specifically the Market Value to Realized Value (MVRV) ratio—suggests that the Dogecoin price may have hit a local bottom, which is often an early signal of an upward price recovery.

除技術分析外，Santiment的鍊鍊數據（特別是實現價值（MVRV）比率）表明，Dogecoin價格可能已經達到了當地的底層，這通常是向上價格恢復的早期信號。

At the time of this report, the 365-day MVRV has dropped sharply to -37%. This figure shows that most DOGE holders are losing money (below their purchase price), indicating that the meme coin is undervalued. This opens up the opportunity for a strong uptrend.

在本報告時，365天的MVRV急劇下降至-37％。該數字顯示，大多數門檻持有人都虧損（低於其購買價格），這表明模因硬幣被低估了。這為強勁上升趨勢打開了機會。

This pattern mirrors previous movements, such as in the second half of 2024, when DOGE experienced a parabolic rally after the MVRV indicator signaled a bottom.

這種模式反映了以前的運動，例如在2024年下半年，當Doge在MVRV指示器後經歷了拋物線會議時，底部是底部的。

DOGE ETF Approval Chance Reaches 64%

DOGE ETF批准機會達到64％

The high chance of approval of the spot Dogecoin ETF could potentially be the main trigger for the next price increase. Data from Polymarket shows that the approval chance is now at 64%.

批准Dogecoin ETF的很高機會可能是下一次價格上漲的主要觸發因素。來自Polymarket的數據表明，批准機會現在為64％。

Meanwhile, analysts from Bloomberg estimate that there is an 80% chance that the DOGE ETF will be approved for the three product applications currently being processed.

同時，彭博社的分析師估計，Doge ETF有80％的機會被批准用於目前正在處理的三個產品應用程序。

As optimism grows for the ETF approval, Dogecoin is expected to experience an upward breakout during May 2025. In addition, according to a recent report from the Coingape website, the price of DOGE is projected to jump significantly if it is able to attract 30% to 50% of spot Bitcoin ETF fund inflows.See More: Top 5 Crypto Influencers To Follow In 2023

隨著對ETF批准的樂觀情緒，Dogecoin有望在2025年5月期間體驗到向上的突破。此外，根據Coingape網站的最新報告，Doge的價格預計將顯著上漲，如果它能夠吸引30％至50％的Spot Bitcoin ETF ETF Fund.

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