Analysts are observing a potential surge in Dogecoin prices, fueled by technical indicators and market activity. Key factors contributing to this prediction include the closing of a monthly Fair Value Gap (FVG) as an indicator of a possible upward trend, Elon Musk’s continued influence as a prominent opinion leader despite lacking formal control over Dogecoin’s operations, increased community engagement, and heightened market volatility. These observations lead analysts to anticipate Dogecoin reaching short-term targets of $0.22 to $0.40 in the near future. This potential surge is further fueled by speculation surrounding a possible spot Dogecoin ETF approval. 1