Core Viewpoint - Despite a 22% drop in Dogecoin (DOGE) this week, on-chain data and fundamental signals indicate a potential violent rebound, with whales purchasing 2 billion DOGE (approximately $480 million) and a 99% probability of ETF approval [2][4]. Group 1: Whale Activity - Whales are accumulating DOGE, with a significant increase in the number of addresses holding large amounts of DOGE and a continuous net outflow from exchanges, indicating long-term accumulation rather than short-term trading [4][7]. Group 2: ETF Approval - The 21Shares spot Dogecoin ETF has received a DTCC code, entering a critical regulatory phase; the first Dogecoin ETF (DOJE) launched by Rex Osprey saw an initial trading volume of $5.81 million, exceeding expectations by 140% [4][6]. Group 3: Technical Analysis - The current price is forming strong support between $0.236 and $0.244; if this range holds, a breakout above $0.30 could lead to a rise towards $0.32 to $0.50, with the potential to challenge historical highs of $0.48 [4][6][7]. - Technical indicators are turning bullish, with the 4-hour RSI moving out of oversold territory and the MACD histogram flattening, suggesting reduced selling pressure [4][6]. Group 4: Economic Context - Positive macroeconomic indicators, such as an upward revision of the U.S. Q2 GDP growth to 3.8% and a decrease in unemployment, enhance risk appetite for assets like DOGE; a potential 0.50% rate cut by the Federal Reserve could further catalyze DOGE's price [6][7].