DOGE Bulls Eye a Return to $0.0900 on Elon Musk Support
DOGE and SHIB continued to find support this morning. Despite the bullish moves, regulatory risk and Fed Fear leave downside risks in play.
Keep up with what's happening in the crypto world in real-time.
DOGE and SHIB continued to find support this morning. Despite the bullish moves, regulatory risk and Fed Fear leave downside risks in play.
Doge, Floki and SHIB are up, while BONK is flat after Musk declares his dog Floki is an amazing CEO of Twitter and “better than that other guy.”
Twitter Chief Elon Musk sent social media and a couple of meme coins into a tizzy late on Tuesday after posting a photo of a dog, presumably his pet Shiba Inu, assuming the role of "new CEO" of the microblogging site. What Happened: Musk said the new dog head is "amazing" and "so much better than the other guy," although it was unclear if he was referring to himself or his predecessor.
Under the influence of a parallel channel pattern, the Dogecoin price witnessed a steady recovery for over a month. The series of new higher highs and higher lows pushed the coin price to $0.098, which is currently the local top.
Major coins traded in the green on Tuesday evening, as the cryptocurrency market capitalization increased by 2.43% in the last 24 hours to $1.03 trillion. Cryptocurrency Gains (+/-) Price Bitcoin +2.04% $22,166 Ethereum +3.49% $1,550 Dogecoin +1.84% $0.083 What Happened: The largest cryptocurrency by market value, Bitcoin (CRYPTO: BTC), was trading above $22,000.
DOGE Foundation's Mr. Cannoli tips off the DOGE Army on how to keep its beloved canine coin safe.
Dogecoin has once again reclaimed its position as the ninth-largest cryptocurrency by market cap. It beat out Polygon (MATIC) which saw an impressive rally over the last few weeks to retain its place, and this was made possible by the ‘Dogefather' himself, Elon Musk.
The Dogecoin (DOGE) price has begun a relief rally, after which another drop could occur.
It's about finding long-term winners and avoiding short-term speculation.
Crypto Prices Today: Market is trading partially in green, as some significant coins plunges whereas others soar. As of writing, Bitcoin decreases by 0.51% in the last 24 hours.
The most recent price chart for Dogecoin price analysis indicates that the cryptocurrency has experienced a downward momentum. The price has fallen in recent hours as a result of the bearish side's success in lowering price levels.
Baby Doge (CRYPTO: BABYDOGE) rose 3% in the last 24 hours, outperforming top meme coins such as Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) by market capitalization. What Happened: At the time of writing, BABYDOGE was trading at $0.000000004202.
Bitcoin visited the $21.4k area in recent hours but bounced to $21.6k once more. This level is a critical support level for Bitcoin.
Major coins traded flat on Monday evening, as the market capitalization dropped by 0.85% in the last 24 hours to $1 trillion. Cryptocurrency Gains (+/-) Price Bitcoin -0.02% $21,727 Ethereum -0.43% $1,498 Dogecoin +0.03% $0.081 What Happened: The largest cryptocurrency by market value, Bitcoin (CRYPTO: BTC), was trading at $21,727.
Kansas City Chiefs stole victory over Philadelphia Eagles by a narrow margin (38 - 35) at the state Farm stadium, which had over 67,827 persons in attendance, including Tesla and Twitter boss Elon Musk.
Bitcoin and major altcoins look vulnerable to a deeper correction after the crackdown on Paxos soured sentiment across the crypto market.
Recent Dogecoin price analysis shows that the coin has been on a downtrend over the last 24 hours, with DOGE/USD trading at $0.08089. The resistance for DOGE/USD is found at $0.0862, while support is at $0.8037.
Dogecoin (DOGE), the cryptocurrency that powers the dog meme-inspired payments-focused blockchain Dogecoin, attempted to stage a recovery on Monday, at one point rallying to its highest level in five days above in the $0.086 area. However, the cryptocurrency has since given back earlier gains to trade closer to $0.081, where it now trades down around 1.0% on the session.
Dogecoin spiked 5% on February 13 after Elon Musk tweeted about the memecoin in a joking reply to a photo of him sitting with Fox News owner Rupert Murdoch with the caption: “What are they talking about?
The Dogecoin (DOGE) community was delighted by Elon Musk's unexpected support during this year's Super Bowl over the weekend. While wearing a Dogecoin-themed t-shirt, Musk was spotted sitting next to media mogul Rupert Murdoch, the owner of the Fox empire and this year's broadcaster of the Super Bowl.
The dogecoin price has fallen by 1.5% in the last hour and by 4% in the past 24 hours, dropping to $0.080716 amid a similar fall for the cryptocurrency market as a whole. The altcoin is also down by 12% in a week and by 4% in the last 30 days, dragged down -- like much of the market -- by regulatory uncertainty (most recently surrounding Paxos and BUSD).
In a tweet that posted a picture of the pair seated next to each other, with a caption asking what they were discussing, Musk simply said: "Dogecoin."
The enigmatic Elon Musk, the self-proclaimed "Dogefather" and billionaire entrepreneur, made yet another public display of his allegiance to Dogecoin at the Super Bowl.
Elon Musk, the chief executive officer of Tesla Inc and Twitter, has once again shown that he is a true fan of Dogecoin (DOGE), the world's first and largest meme coin. At the Super Bowl event over the weekend, Elon Musk was spotted sitting close to Fox News owner Rupert Murdoch.
