What is the latest situation in Dogecoin (DOGE), which creates theories from time to time thanks to Elon Musk and X?
DOGE, which has brought various theories behind with the excitement that Elon Musk and X have created from time to time, has not exhibited a sharp price movement for a while. With the announcements made by X recently, memecoin, which created the question of whether it uses DOGE at any point on the platform, can test what prices if it gains mobility? What are the critical levels for DOGE?
Dogecoin (DOGE) chart analysis
DOGE, which touched $0.0557 shortly after pinning $0.083, is now trading at $0.0631. DOGE, which is priced above an important support point on the daily chart, can draw its route towards $0.0698 – 0.0739 – 0.0789 and 0.0837 dollars, respectively, with the positive moves from X and Elon Musk.
Situations such as BTC testing $25,200 and DOGE failing to find the strength it is looking for on the fundamental analysis side may weaken the price gradually. The support zones to watch in such a scenario are $0.0631 – 0.0599 – $0.055 and $0.053, respectively. In particular, the loss of $0.053 could open the door to big declines for DOGE.
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