Crypto Analyst Puts Dogecoin Price As High As $2.4, What Does Elon Musk Have To Do With It?

Quick Summary:

This is particularly evident in recent actions by billionaire Elon Musk, who brought Dogecoin into the mainstream conversation.  Crypto Analyst Says Dogecoin To $2.4, Elon Musk A Huge Factor Aside from the recent wider increase in crypto prices spearheaded by Bitcoin, it is evident that the current Dogecoin performance has also been bolstered by Elon Musk and his “Department Of Government Efficiency.”  Related Reading: End Of The Road For Solana?

Related Reading: XRP Price Explosion Above $3 Is A Matter Of When, Not If: Analyst Reveals Timeline A successful breakout of the resistance level would open up the stage for Dogecoin to retest its 2024 high of $0.22.

Interestingly, technical analysis of the Dogecoin price suggests a strong multi-year resistance level between $0.18 and $0.20.

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Author / Journalist: Scott Matherson

Category: Crypto

Markets: United KingdomUnited States

Topics: Crypto Dogecoin Doge Crypto news Analyst Doge price Dogecoin news Crypto analyst DOGE news Dogecoin price Dogeusd Dogeusdt

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-31 @ 16:30:13 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 487 words

Reading Time: 3 minutes read

Sentences: 69 lines

Sentence Length: 8 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 23351949

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