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The Dogecoin price is up 5% today on Monday as part of the broader market recovery. It is currently trading at $0.12, with a market capitalization of $17 billion. 

However, popular crypto analyst Yellow Trades – who has over 59k followers on X – believes that the DOGE price could be on the cusp of a 4x rally. Indeed, he expects the top meme coin to reach $0.51 in the coming weeks. 

In fact, Yellow Trades projects that doge-themed meme coins are set to make a comeback in the upcoming crypto bull market. For instance, he believes that a new play-to-earn meme coin PlayDoge could potentially deliver 20x returns after its launch. 

Dogecoin Price To $0.51?

Despite the crypto crash over the past few weeks, the Dogecoin price chart is still showing significant bullish strength. 

Indeed, the top meme coin successfully defended the $0.106 support level, despite several retests. 

$DOGE / $USD – Update

I am in a long as of $0.102c .. Only while we are above that level too pic.twitter.com/tdmghLhRs9

— Crypto Tony (@CryptoTony__) July 15, 2024

Technical analysis platform TradingView is also giving a buy signal to DOGE in the 4-hour time frame. 

It does not mean that the meme coin is out of the danger zone, especially if Bitcoin slips below $60k. Indeed, the b

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Author: Adrian Barkley

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