DOGE & ELON
Updated
The price of Dogecoin is $0.09 today with a 24hour trading volume of 770 million dollar . This represents a 10% price increase since last week and 22% price increase since last month
Musk's tweet offering 1 million Dogecoin to anyone who could prove ownership of an emerald mine has led to gains of 4.9% and who can forget when he changed the Twitter logo to feature the Shiba Inu dog, which caused another 30% pump
while Dogecoin's technical structure is bullish, there is a lack of buying pressure behind the coin. traders should be cautious and consider waiting for a break in structure on lower timeframes before seeking to enter short positions. daily active addresses have increased as social media buzzed about Dogecoin, but the 90-day mean coin age has been sliding downward since mid-March.
Dogecoin bounced off the moving averages on April 12, as seen from the long tail on the day’s candlestick. The bulls tried to drive the DOGE/USDT pair above the 38.2% Fibonacci retracement level of $0.09 but the bears did not budge. This suggests that the sentiment remains negative and traders are selling on rallies. Buyers must push and sustain the price above $0.09 to indicate that the selling pressure may be reduced. The pair may then ascend to the 61.8% retracement level of $0.10. Usually, a break and close above this level results in a 100% retracement. If that happens, the pair may soar to $0.11.
Musk's tweet offering 1 million Dogecoin to anyone who could prove ownership of an emerald mine has led to gains of 4.9% and who can forget when he changed the Twitter logo to feature the Shiba Inu dog, which caused another 30% pump
while Dogecoin's technical structure is bullish, there is a lack of buying pressure behind the coin. traders should be cautious and consider waiting for a break in structure on lower timeframes before seeking to enter short positions. daily active addresses have increased as social media buzzed about Dogecoin, but the 90-day mean coin age has been sliding downward since mid-March.
Dogecoin bounced off the moving averages on April 12, as seen from the long tail on the day’s candlestick. The bulls tried to drive the DOGE/USDT pair above the 38.2% Fibonacci retracement level of $0.09 but the bears did not budge. This suggests that the sentiment remains negative and traders are selling on rallies. Buyers must push and sustain the price above $0.09 to indicate that the selling pressure may be reduced. The pair may then ascend to the 61.8% retracement level of $0.10. Usually, a break and close above this level results in a 100% retracement. If that happens, the pair may soar to $0.11.
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I close my doge positions and waiting for breakout
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easy short
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still bearish
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As users cast DRC-20 standard Tokens on the Dogecoin chain, the number of daily transactions on the Dogecoin chain soared to an all-time high of 650k, surpassing Bitcoin and Litecoin at one point. The speculative heat of BRC-20 has gradually spread to POW blockchains such as Litcoin and DogecoinNote
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breakout time
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Elon Musk warns investors not to ‘bet the farm on Dogecoin’.Note
Elon Musk allegedly sold $124 million of Dogecoin after he replaced Twitter's logo with the Doge symbolNote
A breakthrough in the $258 billion Dogecoin pyramid case indicates a line-up change in Elon Musk’s defense. According to today’s filing in Manhattan Federal Court, attorney Adam Gabor Mehes is leaving Tesla’s legal team. The prominent attorney has been in the middle of the action of the Dogecoin class-action lawsuit for over a year.The case plaintiffs are currently focused on April’s Twitter logo change to Shiba Inu. According to them, The Dogefather used his social media influence and position to prop up Dogecoin’s price, only later to sell a colossal 1.4 billion tokens during the 30% spike.
Interestingly, the Ethereum wallets traced by the blockchain sleuths indicate that the whale still holds millions of dollars in Dogecoin. Tesla’s attorney Alex Shapiro denied these claims in a motion filed for the Manhattan Federal Court.
While the crypto world awaits the next development in this ground-breaking case, DOGE still changes hands sailing slightly above the fundamental support line of $0.06. The continuous consolidation in Dogecoin’s price shows strong resilience compared to other significant market-cap altcoins.however, DOGE still dipped 15% monthly after the U.S. Securities and Exchange Commission simultaneously slapped Binance and Coinbase with lengthy lawsuits in Gary Gensler’s latest attempt to curb crypto.
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Im shorting
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back to 0.061
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4h analysis
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100% since our first free signal
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Elon Musk says Tesla will enable DOGE payments.Trade active
Doge is ready to hit 0.19$
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0.11 is important support for Doge
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Elon removed btc emoji from twitter and stopped shilling Doge
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Blockchain developers QED Protocol and Nexus are set to launch a layer-2 scaling solution aimed at integrating smart contracts into the Dogecoin network.
Trade active
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