Dogecoin's price has recently dropped over 3.5% to $0.3663, despite a recovery in the broader cryptocurrency market. Although DOGE is currently 33% below its peak from December 2024, increasing whale activity and significant buying from large investors have been observed. Data indicates that these large holders accumulated about 590 million DOGE tokens when the price dipped to $0.33 on January 21, signaling their expectation for future price increases. Additionally, the launch of a new official U.S. DOGE website has boosted investor sentiment, promoting unprecedented visibility for Dogecoin. Speculation is also growing around a possible Dogecoin exchange-traded fund (ETF) approval, which, if sanctioned, could enhance DOGE's legitimacy and exposure in the traditional investment realm. Analysts predict that if DOGE breaks above certain price levels, it could potentially reach $0.95, with bullish forecasts suggesting a possible price target of over $2 due to recent accumulation patterns and technical signals.

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