Could Dogecoin (DOGE), which maintains its positive pricing with Elon Musk and X effects, be starting a bull run?
Known for his DOGE maximalism, Elon Musk continues to wink at DOGE with his updates on Twitter. Musk’s last move, adding the letter D to the location section on Twitter, brought to mind a possible DOGE bull issue. Musk, who often refers to DOGE these days, added 20 percent to the price of DOGE in a short time. But what points are important in the technical part of DOGE?
Dogecoin (DOGE) chart review
DOGE, which created a rising trend structure after pinning to $0.0628, is trading at $0.0799 as of the writing of the news. DOGE, which has been in an upward trend for almost a month with the excitement created by Elon Musk and X, can retest $0.0816 and rise to $0.0846 and $0.90 if it can hold above $0.776. However, another element as important as technique in this process will be fundamental analysis. DOGE investors can closely follow the moves of Elon Musk and X.
Events such as the cessation of the DOGE frenzy initiated by Elon Musk and X or the sharp drops in BTC will likely bring the DOGE price down. In such a scenario, the points that can be watched as support for DOGE are 0.0776 – 0.0732 – 0.0700 – 0.0667 and 0.062 dollars, respectively. Finally, the $0.060 level, where the uptrend has started, is of great importance. Failure to hold this level may carry the selling pressure in DOGE to a different dimension.
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