Dogecoin enthusiasts are celebrating another milestone after the DogeDay celebrations on April 20th. An analyst predicts a potential price surge of up to 500%, based on a historical pattern observed during a previous market cycle. This prediction comes as Dogecoin (DOGE) continues its sideways movement in the $0.14-$0.16 range since late March, signaling an accumulation phase after a prolonged downtrend. However, despite the current stabilization, the analyst warns that the bearish macro structure remains a concern, with no significant uptick in volume or price breakout above the 20-day EMA. The Relative Strength Index is showing increasing bullish momentum and has crossed above its own moving average, although it remains below the neutral 50 level. The current price action is being closely monitored by analysts like @Steph_iscrypto, who based his prediction on a historical pattern that followed a 129-day downtrend, resulting in a significant 500% rally for DOGE. Meanwhile, institutional interest is growing with the US Securities and Exchange Commission (SEC) reviewing several applications for spot Dogecoin ETFs from companies like Bitwise, Grayscale, 21Shares, and Rex Shares. This could potentially trigger a major surge in price.