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Dogecoin Whales Accumulate Amid Price Crash, Analyst Reveals Catalyst That Could Drive DOGE To $0.5

  • 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.

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