Dogecoin is trading around $0.23 after facing rejection at $0.27, and it may drop to $0.20 if bearish pressure continues.
Analysts predict DOGE could rise to $0.84 by March.
The price of Dogecoin (DOGE) could skyrocket in the next few weeks, with some analysts already forecasting that it will reach a record-high performance by 2025 March.
Grayscale's application for a DOGE exchange-traded fund, recently approved by the U.S. Securities and Exchange Commission, could greatly enhance DOGE's trading volume and overall price level.