Dogecoin

There looks to be a connection with Tesla founder and Dogecoin advocate Elon Musk taking a big stake in Twitter.

Gola also wrote that based on chart trends, a 150% rally for Dogecoin is a possibility. He would often tweet about how he liked Dogecoin and thought it had potential, so perhaps the market sees some kind of correlation. Musk has been a longtime supporter of Dogecoin and is one of the main influencers who really brought the token to popularity at the beginning of 2021.

Dogecoin (DOGE) continues its rebound move four weeks after bottoming near $0.10 and is now promising more upside moves in Q2/2022. Dogecoin price nears two- ...

Therefore, the coin now eyes a run-up towards $0.37, about 150% above April 5's price, as shown in the chart below. In a perfect scenario, falling wedges resolve after the price breaks decisively above their upper trendline. On the other hand, an extended decline risks invalidating the entire bullish reversal setup. Nonetheless, the bullish setup comes with downside risks. A pullback from the said price ceilings could have Dogecoin return to the falling wedge's upper trendline to test it as a newfound support level. As DOGE's price undergoes a similar pattern, its likelihood of continuing its uptrend has increased following the break above the trendline on April 4.

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with ...

Large Dogecoin ($DOGE) transactions have more than doubled over the last 24-hour period amid a price rise for the meme-inspired cryptocurrency that was ...

The Tesla CEO is also a Dogecoin supporter that has collaborated with developers to improve the cryptocurrency. These items are all priced in DOGE, ranging from 12,020 coins for the four-wheeler to 300 DOGE for the cyberwhistle. The large transactions come at a time in which the price of DOGE is rallying, along with the wider cryptocurrency market. Investing in or trading cryptoassets comes with a risk of financial loss. Data shows DOGE is up 36.8% over the last 30 days and over 13% over the past week. Over the last seven days, $1.87 billion were moved on the Dogecoin network.

Price of Elon Musk-supported cryptocurrency already dropped by 10% after spiking by 21%

Another factor that could be tied to the negative price performance of DOGE is the 200-day exponential moving average resistance. As for mass media, the first news articles about Elon Musk's large purchase appeared on April 5, which is reflected in the price of Doge that rallied by 20% shortly after and then retracted. Following Elon Musk's purchase of 9.5% of Twitter stocks and rumors about Dogecoin implementation on the platform, the price of the first memecoin on the market spiked by 21% in a matter of hours, but it has already lost a large portion of its value.

Dogecoin hit $0.1553 levels on Tuesday, rising more than 5 per cent in the last 24 hours. Its marketcap topped the $20 billion mark, after a long period, ...

Lian from BigONE suggested investors look for the long term. The Speculators are expecting Dogecoin to have a similar impact if not more." Dogecoin hit $0.1553 levels on Tuesday, rising more than 5 per cent in the last 24 hours. A number of players see Dogecoin as synonymous with Musk. Dogecoinhas been the cryptocurrency to watch out for.

After Tesla CEO Elon Musk revealed his $3 billion stake in Twitter on Monday, Dogecoin's value skyrocketed 10%, indicating how influential the SpaceX ...

Musk has been a polarizing but influential figure in the Dogecoin community, with any Tweet sending crypto markets spinning. At the end of last year, Tesla’s Bitcoin holdings exceeded $2 billion. Musk remains one of the most prominent crypto influencers, with his Tweets about popular coins like Shiba Inu and Dogecoin sending crypto markets into a frenzy.