Expert Analyst Sees Possible DOGE Rally To $0.1

Michaël van de Poppe has shared a bullish outlook for Dogecoin (DOGE), acknowledging its potential to clinch $0.1 in the coming days.  

The distinguished cryptocurrency trader and MN Trading founder, Michaël van de Poppe, conducted a comprehensive analysis of the DOGE/USDT chart today, offering insights into potential future developments. Poppe’s keen interest in Dogecoin stems from the remarkable price performance exhibited by the asset in recent times. 

According to him, the largest memecoin by market cap is currently in the “buy the dip areas.” Notably, DOGE is trading below the $0.08 level at the time of writing. But Poppe hopes the asset takes another leg up amid the prevailing bearish sentiments in the broader crypto market. 

Well, $DOGE probably continues it’s expansion towards $0.10 here.

Still buy the dip areas. pic.twitter.com/ODqGyYdlae

— Michaël van de Poppe (@CryptoMichNL) July 27, 2023

Particularly, the market watcher acknowledged DOGE’s likelihood to eclipse the much-coveted $0.1 price territory soon. “Well, DOGE probably continues its expansion towards $0.10 here,” he remarked. 

Whether DOGE will reach $0.1 in the coming days remains to be seen. Nonetheless, among the top 10 large-cap cryptocurrencies, Dogecoin alone has recorded a double-digit gain (15.22%) in the past seven days at press time. BTC and ETH are down by 1.58% and 1.75% within the same timeframe.

DOGE Price Outlook

Recall that DOGE swung into a sustained upward trajectory after hitting a low of $0.053 on June 10. This uptrend continued for several weeks, pushing Dogecoin’s price as high as $0.08380 on July 25. 

However, the bears stepped in at the $0.08380 price level, took control of the scene, and pushed DOGE to $0.076 on July 26. As reported by The Crypto Basic, whales continued to accumulate the asset at this critical support zone. 

The report further showed that approximately 51.4 billion DOGE was acquired by 452,000 whale addresses between the $0.07 and $0.076 price range. Consequently, DOGE has regained momentum, with its one-day Relative Strength Index (68.3) indicating more green days. 

Dogecoin is exchanging hands at 0.07971 at the time of writing. The asset has only increased slightly in the past 24 hours but is up 21% in the past thirty days.