Crypto Gloom

In Musk’s blockchain plan, Doge pays attention to $ 0.43

The current emotion of Dogecoin (Doge) is likely to be optimistic, and it is expected to rise tremendously due to the formation of strong price measures and the recent DOGE (DEPARTMENT OF (DEPARTMENT of Government Efficiency) of ELON Musk. These factors appear to change the market sentiment that Doge is witnessing.

Elon Musk and blockchain technology

Recently, ELON Musk, a billionaire founder of SPACEX and Tesla, said he is exploring blockchain technology to make the Doge department more efficient and track government performance. Musk’s thoughts received significant attention from cryptocurrency experts and analysts.

After seeing it, Charles Hoskinson, founder of Cardano blockchain, posted on X (formerly Twitter) and emphasized that “I think this is the work of Cardano, Bitcoin and Midnight.” Yo, Dogemaster Elon Musk, please call me. I will do it for free. ”

This post about X has a wide range of attention from cryptocurrency experts and shows more how it can help the entire cryptocurrency market in the long run.

Current price momentum

Despite this positive development, Doge is currently trading at $ 0.354 and has seen a 1.35%increase in price over the last 24 hours. During the same period, trading volume decreased by 30%, and the participation of traders and investors was lower than the previous day.

Dogecoin (DOGE) Technical Analysis and Future Level

According to the expertise analysis, Doge is optimistic because it is currently at an important support level provided by the trend line and is preparing for a four -hour trend line. Since December 2024, DOGE has been supported four times in this trend line and has witnessed an impressive momentum every time.

Source: Trading View

Experts look forward to seeing a similar upward momentum in historical price momentum. According to the recent price movement, if Doge breaks through the trend line and finishes a 4 -hour candle at the top of $ 0.365, it is likely to reach $ 0.43 in the future.