Dogecoin (DOGE) Eyes on $0.43 Amid Musk’s Blockchain Plan
At present, the emotions of dog coins seem to be bullish, and the formation of Elon Musk’s recent views on the government efficiency department (DOGE) is expected to rise sharply. These factors seem to be changing the market emotions witnessed by Doge.
Elon Musk and blockchain technology
Recently, Elon Musk, the founder of SpaceX and Tesla’s billionaire, revealed that he is exploring blockchain technology to make the Doge department more efficient and track government performance. Musk’s idea has attracted great attention from cryptocurrency experts and analysts.
Considering this, Charles Hoskinson, the founder of Caldano blockchain, posted on X (previous Twitter), “I think this is the work of the three giants of Caldano, Bitcoin and Midnight. Yo, Dogemaster Elon Musk, Call us to call us free. “
This article on X has attracted widespread attention from cryptocurrency experts, and further shows how this will help the entire cryptocurrency market in the long run.
Current price momentum
Despite these positive progress, Dog At present, the transaction price is close to $ 0.354, and prices have soared by 1.35%in the past 24 hours. During the same period, its transaction volume fell by 30%, indicating that traders and investors’ participation decreased from the previous day.
Dog Coin (Doge) technical analysis and upcoming level
According to expert technical analysis, Doge looks like a key support position provided by the trend line, and it is also preparing to tilt the trend line in the four -hour frame to break through. Since December 2024, DOGE has been supported by the trend line four times, and each time has witnessed an impressive rise.
Throughout the historical price momentum, experts expect a similar upward momentum. According to the recent price trend, if the DOGE breaks through the trend line and close the four -hour candle above $ 0.365, it is likely to soar by 20%in the future to reach the level of $ 0.43.
