Dogecoin (DOGE), has seen a 40% recovery since December 30, when it was at $0.066. The rally was supported in part by increased Dogecoin development activity and whale accumulation. Elon Musk has also been hinting at Dogecoin integration via Twitter payment.
A popular crypto analyst believes that the DOGE price can rally above $0.1 once again, amid bullish sentiment in this market.

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Dogecoin to Shoot Above $0.1 Once More
Rekt Capital, a crypto analyst, shared a new analysis on February 7 that showed that Dogecoin’s (DOGE) price had broken out of its “falling wedge” pattern over the week.
Dogecoin also successfully tested the top of its falling wedge support. It confirms the breakout. He believes that DOGE is technically well-positioned to be an upside price. It’s all about following through.
Dogecoin price. Source: Rekt Capital. The Bitcoin price trend will continue this week as traders wait for the speech by Jerome Powell, Chair of the U.S Federal Reserve. The Bitcoin price has risen 1% over the past 24 hours and is currently trading above the $23K mark.
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Dogecoin’s price has risen more than 2% since hitting a low of $0.089 within the last 24 hours. After a dormant whale account containing 2,043,137 DOGE was activated after 9.1 year, the DOGE price dropped.
Dogecoin Whale Activity amid Elon Musk Twitter Payments Update
Elon Musk stated that he is moving forward with his Twitter payments plan, and that fiat will be used for payments first. Crypto support will be added in the future.

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Dogecoin whale activity increased, causing DOGE to rise 10% in one day. Dogecoin’s community has been waiting for Dogecoin integration via Twitter since Elon Musk hinted earlier.
During the expected launch of the Shibarium Layer-2 Blockchain this month, Shiba Inu, a rival meme coin, is attracting community’s attention.
Also read: Bitcoin News: Bitcoin Activity Jumps to a Three-Year High. Is BTC Price $30K Next.

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