Dogecoin Price Prediction: Extended Consolidation Or A Break Below/Above?

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Dogecoin Price Prediction: Extended Consolidation Or A Break Below/Above? - NewsBTC

Quick Summary:

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 accompanied by a caption reading “Department of Government Efficiency.” While Dogecoin itself was not explicitly mentioned in the post, it appeared to spark excitement among market participants, many of whom are familiar with Musk’s past influence on the meme coin.

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.

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.