DOGE Price Sweeps Through Levels Last Seen in June and July
The price of DOGE is currently at $0.0636, showing a small increase of 0.6% in the past 24 hours. Despite the intense selling pressure that has affected the entire crypto market, DOGE has managed to hold its ground with a trading volume of $379 million and a market capitalization of $8.9 billion.
DOGE’s Unique Relationship with Elon Musk
- DOGE has a special connection with Elon Musk, CEO of Tesla and owner of X (formerly Twitter).
- Musk’s tweets about Dogecoin have consistently caused price rallies for the meme coin.
- DOGE experienced a significant price increase after Musk’s Twitter rebranding and the announcement of integrating crypto payments on X.
- Investors are waiting to see if Dogecoin can bounce back from the recent dip and reach $1.
X Integration Speculations
Musk’s reply to a tweet about X being a dog and Doge-friendly place has sparked speculations about X integrating DOGE for crypto payments on the platform.
DOGE Price Teases Breakout Amid Market Losses
- DOGE price has shown upward movement but lacks enough momentum to break above the bearish rectangle pattern.
- Technical indicators like MACD and RSI suggest that buyers have the upper hand, but caution is advised due to the short-term rectangle pattern.
- A minor dip to $0.0567 is expected before a potential major recovery.
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