Bitcoin (BTC), which has been in a downward trend for a while, could not prevent the rise of Dogecoin (DOGE), although it shook the altcoin market.
Elon Musk, one of the DOGE maximalists, continues to draw attention with his updates on Twitter. Finally, adding the letter D to the location section on Twitter, referring to DOGE, Musk created an instant 9 percent rise. Having gained popularity again with the changes in Twitter, will DOGE continue to reflect this situation on its price?
Dogecoin (DOGE) chart review
DOGE, which created a rising trend after making a contact with $0.0628, is trading at $0.0774 as of the writing of the news. DOGE, which has been in an upward trend for almost a month with the enthusiasm created by Elon Musk and X, can target $0.0816 and $0.0846 for the short term if it can sustain above $0.77.
The easing of the positive atmosphere created by Elon Musk and X or the sharp drops in BTC can naturally bring the DOGE price down. In such a scenario, the points that can be watched as support for DOGE are $0.0732 – 0.0700 – 0.0667 and 0.062 dollars, respectively. Finally, the $0.060 level, where the uptrend started, is critical. Failure to hold this level may increase the sales wave in DOGE.
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