Dogecoin whales have accumulated 1.7 billion DOGE ($298 million) in 72 hours, signaling bullish sentiment and potential ETF approval.
There is a possibility that Dogecoin could rally to $0.5 if it reclaims $0.2 before the ETFs approval and Elon Musk resumes bull posting about DOGE.
Despite the recent postponement of the approval process for Grayscale's Dogecoin ETF, DOGE is predicted to rebound based on historical extreme fear sentiment.
Dogecoin's current price action suggests it may be a good opportunity to buy DOGE relatively cheaply, given the circumstances.