Dogecoin has had its ups and downs in the past seven days: from breaking down below a support at $0.095, to bouncing back up and hitting notable resistance at $0.099. Following this brief rally, Dogecoin experienced another downward shift as the bulls were unable to maintain the momentum. Related Reading: Helium (HNT) Network Expansion Fuels 13% Gains Despite Faltering Market It dropped once again, breaking through several support levels until bottoming at $0.0899. Since bottoming at $0.0899, DOGE has increased back up by over 7.75% to $0.09687 at the time of writing. Although this price surge might appear relatively modest compared to larger market moves, it is particularly noteworthy given the current situation of the entire crypto market. Dogecoin Price Movement The recent uptick in Dogecoin’s price can be largely attributed to a social media post by billionaire Elon Musk on X, formerly known as Twitter. In the post, Musk, the CEO of Tesla and owner of X, shared an AI-generated image that depicted him sitting behind a desk with a placard displaying the letters “D.O.G.E.” The image was ac ..
Support the originator by clicking the read the rest link below.
